Regulatory & Compliance

Credit unions that have been recognized by the U.S. Treasury Department as community development financial institutions celebrated a significant victory at the end of the 2008 appropriations cycle. For the first time in almost eight years, Treasury's CDFI Fund saw an increase in congressional appropriations.

ARLINGTON, Va. -- Among several other important steps that credit unions should take to improve their compliance with the Bank Secrecy Act, Diane Wiltshire, a BSA Specialist and Supervision Analyst for NCUA's Region 2, suggested getting to know the Federal Financial Institution's Examination Council's BSA handbook well and having it...

WASHINGTON -- Attorneys for credit union associations report that U.S. District Judge Yvette Kane asked well researched and considered questions when she heard oral arguments on Jan. 4 over whether NCUA should have granted certain expanded fields of membership to several federal credit unions in Pennsylvania.

HARRISBURG, Pa. -- Lawyers for CUNA, the Pennsylvania Credit Union Association and three Pennsylvania credit unions will join with lawyers from the U.S. Justice Department in arguing in favor of the NCUA's ability to grant community charters to federally chartered credit unions.

HARRISBURG, Pa. -- Lawyers for CUNA, the Pennsylvania Credit Union Association and three Pennsylvania credit unions will join with lawyers from the U.S. Justice Department in arguing in favor of the NCUA's ability to grant community charters to federally chartered credit unions.

DES MOINES, Iowa -- The Iowa Caucus hoopla now has a connection to CUNA's "Little Guy" and even though it was unintentional the Presidential candidate caravans and the hordes of press here are getting to see the animated character on a highway billboard appearing in downtown Des Moines.

DUBUQUE, Iowa -- For Robert Hoefer, a good citizen and president/CEO of the $465 million Dupaco Community Credit Union, the conclusion of tomorrow's Iowa Caucuses, will provide sheer relief "from nine hours of nonstop TV ads and 10 phone calls at my home every night."

ARLINGTON, Va. -- In response to Small Business Administration's request for nominations for existing regulations that are in need of reform, NAFCU reiterated a number of areas for consideration.