WASHINGTON-CUNA, NAFCU, and several state leagues scurried around Capitol Hill last week attending numerous opening day events. CUNA Senior Vice President of Government Affairs John McKechnie remarked that it was "a great intersection of the legislative and political efforts we do. McKechnie worked a 12-hour day-8:30 a.m. to 8:30 p.m.-attending...

WASHINGTON-House Financial Services Committee Members Bob Ney (R-Ohio) and Brad Sherman (D-Calif.), and Representative Harold Ford (D-Tenn.) will serve as featured guests on a panel during CUNA's Governmental Affairs Conference next month. Ney and Sherman will discuss how credit unions are perceived on Capitol Hill and how that should shape...

WASHINGTON-Credit unions had plenty to keep them busy in the first week of the 108th Congressional Session (see special pictorial pages 18-19). Congress reconvened last week with the usual ceremonial swearing in of the freshman, but legislative work seeped into lawmakers' plans. As expected, Financial Services Committee Chairman Mike Oxley...

WASHINGTON-The General Accounting Office, Congress' watchdog that is currently studying NCUA and credit unions, last month completed a report on time and money savings coordination between agencies using their annual performance plans. Coordinating efforts between agencies with similar goals can save time and money, according to the report. The report,...

WASHINGTON-The Office of Management and Budget has forwarded the results of its request for nominations for regulatory review to the related agencies. In its 2002 Report to Congress, OMB said it was sending out all 267 comments on regulations for agency review and 49 comments regarding agency guidance. Of these,...

WASHINGTON-By now the credit union community is aware that the General Accounting Office has been asked to complete a review of NCUA and credit unions, but just who is the GAO and should credit unions be nervous? A look at what the GAO is may provide some comfort for CUs...

CHICAGO-Twenty-one percent of all banks and 8% of all thrifts have converted to Subchapter S status as of March 31, 2002, according to Grant Thornton. This is up from the global accounting firm's 2001 findings of the same time period, when 18.6% of banks and 6.1% of thrifts elected the...

ALEXANDRIA, Va.-In a lateral move, NCUA Region II Director Tawana James was appointed to the position of deputy director for examination and insurance. Herb Yolles vacated the position earlier this year to become inspector general. In her new post, James will assist Examination & Insurance Director David Marquis in overseeing...