WASHINGTON-Unless the Ravens or Orioles come knocking on his door, CUNA Senior Vice President of Government Affairs John McKechnie is staying right where he is. "I'm fortunate enough to be able to do a hobby for a living." he recently told Credit Union Times. "As long as I enjoy what...

ALEXANDRIA, Va.-NCUA recently issued an information bulletin (03-002) providing credit unions guidance for developing protective measures in the heightened terrorist threat condition. On Friday, Feb. 7, the Justice Department and Department of Homeland Security ratcheted up the threat level from `elevated' (yellow) to `high' (orange). Aside from posting Financial and...

BOSTON-As `streamlining' has become the buzzword of the day, and many federal regulators are cutting jobs for the sake of efficiency, the Federal Reserve Banks announced major cuts to their check processing operations. The move to streamline their check management structure, reduce staff, decrease the number of check-processing locations, and...

WASHINGTON-The House passed legislation last Wednesday to improve the calculation of the federal subsidy rate for certain small business loans, which the Senate had passed Jan. 27. In her floor statements, Congresswoman Stephanie Tubbs Jones (D-Ohio) advocated allowing broader credit union participation in the Small Business Administration 7(a) loan program....

WASHINGTON-CUNA submitted a laundry list of suggestions to make possible regulatory relief legislation more meaningful for credit unions just as the decision was made to keep the bill whole. House Financial Services Committee Chairman Mike Oxley (R-Ohio) had floated the idea of separate regulatory relief bills for the banking industry...

FORT WAYNE, Ind.-There just are not enough hours in the day for Jim Mills to run his credit union, chair NAFCU, and be a grandfather. The Three Rivers Federal Credit Union president and CEO recently told Credit Union Times that he plans to leave the NAFCU Board at the end...

WASHINGTON-In its official comment letter regarding the definition of small credit unions, CUNA asked NCUA to consider a much higher ceiling than the agency proposed. The current definition of a small credit union for the purposes of the Regulatory Relief Act of 1980 is credit unions with less than $1...

ALEXANDRIA, Va.-NCUA received 493 comment letters on its field of membership proposal by its deadline last week, mostly in favor of the proposals, but many banks and their trade groups threw in their two-cents as well. As was predictable, the credit union trade associations generally supported the revisions the NCUA...