WASHINGTON-CUNA and NAFCU top officials met last week at Credit Union House on Capitol Hill under the auspices of the National Credit Union Legislative and Regulatory Coordinating Council. The group was started during the H.R. 1151 battle to coordinate efforts and was supposed to continue to meet quarterly, but the...

ALEXANDRIA, Va.-The biggest news to come out of NCUA's 2003 Budget Briefing last week was probably the announcement by Executive Director Len Skiles that the agency plans to eliminate Region IV and relocate Region VI out of the costly San Francisco area. Also of note, NCUA reduced its budget by...

ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar, particularly proud to be a Republican after last week's election, was happy for his friend Mississippi Senator Trent Lott (R), majority leader-elect, and for the Republican Party in its coup d'tat of the U.S. Senate. At press time, Republicans held at least 51 seats in...

WASHINGTON-Given the strong Republican showing on Election Day 2002, President George W. Bush can finally declare the mandate he did not receive in his own election. Many feel the emphasis on the War on Terror has helped Republicans accomplish what few predicted: keep the House and win the Senate with...

WASHINGTON - CUNA ranked 59 out of the top 100 campaign contributors since 1989 in a Center for Responsive Politics (CRP) study, making nearly $8 million in contributions since that time. What sparked credit unions' interest in political giving was the AT&T Supreme Court ruling from 1998 that strictly limited...

WASHINGTON-On your marks.Get set.Go! After a 15-year hiatus, NAFCU Director of Planning, Programming & Special Projects Joe Boyle ran in the 27th U.S. Marine Corps Marathon Sunday, October 27. He credits the 2002 Credit Union Cherry Blossom 10 Miler with re-peaking his interest in a running routine. "It was a...

ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar and Board Member Deborah Matz responded quite differently to criticism of the agency's new corporate credit union regulation, which was aimed at creating parity for corporates and other financial institutions. Treasury's Acting Assistant Deputy Secretary for Financial Institutions J. Patrick Cave had written a letter...

WASHINGTON-According to a new report to Congress by the Financial Crimes Enforcement Network (FinCEN), financial institutions are not taking full advantage of the exemptions for Currency Transaction Reports (CTRs) provided in the Money Laundering Suppression Act of 1994, amending the Bank Secrecy Act. The exemptions to CTRs include another depository...