WASHINGTON-In a 183-page report, the U.S. General Accounting Office said that while the credit union industry is running smoothly, the agency should tweak its oversight. GAO, the government watchdog, has not performed an overall study of credit unions since 1991, but in that time, the number of troubled credit unions-those...

ALEXANDRIA, Va.-In a unanimous decision, the NCUA Board passed a final rule designed to help credit unions broaden their field of membership during its March 2003 meeting. The regulation, which made sweeping changes to credit union FOMs and their chartering, provoked rumblings from the bankers about a potential lawsuit. In...

ALEXANDRIA, Va.-NCUA opened its new Tempe, Ariz. office, home of the soon-to-be Region V headquarters, a day ahead of schedule with no foreseeable bumps in the road for the realignment. Cutting NCUA's regions from six to five was part of Chairman Dennis Dollar's Accountability in Management study and were projected...

ALEXANDRIA, Va.-After nearly two years of waiting, the U.S. District Court for the District of Columbia finally decided to dismiss a lawsuit brought by the National Community Reinvestment Coalition against NCUA regarding its interim final rule repealing the Community Action Plan. NCRC had alleged that NCUA was in violation of...

WASHINGTON-Consumers say they will be cinching their purse strings during the holiday shopping season this year. According to a new survey by CUNA and the Consumer Federation of America, concern over the economy and indebtedness, as well as a desire to pay off debt will mute consumers' retail zeal in...

ALEXANDRIA, Va.-CUNA and NAFCU expressed their approval in their respective comment letters of a proposed rule from NCUA regarding credit unions' ability to enter into surety and guaranty agreements and maximum borrowing limitation waivers for state chartered credit unions. NCUA has proposed that federal credit unions may act as a...

WASHINGTON-For the first time since its inception, NCUA's Community Development Revolving Loan Fund could receive an infusion of more than $1 million from Congress. Prior to Congress' adjournment a compromise omnibus appropriations bill, which has yet to be passed in either chamber of Congress, was worked out that included $1.2...

WASHINGTON-The introduction of the Credit Union Regulatory Improvement Act (H.R. 3579) at the closing bell of Congress has stirred up a whirlwind of praise and criticism. But the standalone bill, that has been dubbed "part regulatory relief, part financial modernization" by NCUA Chairman Dennis Dollar, is bound to face strong...