Regulatory & Compliance

ALEXANDRIA, Va. - Union Pacific Streamliner Federal Credit Union was recently placed into conservatorship by NCUA. The credit union's 7,500 members will enjoy uninterrupted service, according to the agency. Deposits are insured up to $100,000 by the NCUSIF, NCUA assured. The return on average assets at the $38.7 million credit...

WASHINGTON - CardSystems Solutions, the Atlanta-based firm that was implicated in the biggest card data security compromise to date and which has been purchased by Pay By Touch, a card processing firm which specializes in biometrics, has walked away from the incident without a fine. The Federal Trade Commission announced...

WASHINGTON-NCUA and the FDIC have invited interested parties to attend a briefing explaining how the federal deposit insurers plan to proceed in updating the systems following the passage of the Deposit Insurance Reform Act of 2006. The new law will increase deposit insurance coverage of individual retirement accounts and Keoghs...

ALEXANDRIA, Va. - CUSOs can assist credit unions in providing payroll services to CUs' business members, however says NCUA, they cannot provide them directly to credit union members. In a letter to NCUA Associate General Counsel Sheila Albin, NACUSO General Counsel Guy Messick proposed a situation where members would contract...

CAMP PENDLETON, Calif. - Imagine this: your credit union will sign up 20,000 new members this year, all in the must-have 18 to 25 age group. All of them…

ALEXANDRIA, Va.-The NCUA Board last week approved Rodney Hood as its vice chairman. "I am pleased that Rodney Hood will be serving as Vice Chairman of the NCUA Board," NCUA Chairman JoAnn Johnson commented. "I look forward to a good working relationship, as we focus on maintaining a safe and...