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WASHINGTON - Many factors drive the range of net worth-to-assets ratios for credit unions including having the means to navigate away from prompt corrective action. NAFCU has a little known secret on figuring out the relationship between asset growth, return on average assets (ROA) and the net worth ratio. The...

RALEIGH, N.C. - No one can recall a credit union-backed charity campaign like this one. It has had Hollywood star power, enthusiastic and widespread support from CU employees and managers in two states and has touched the public in unexpected ways. "I don't think we ever had a high profile...

The increased flexibility from the amended regulations will allow credit unions to better support the business needs of our membership while providing the credit union with distinct ability to compete with other financial institutions. Additionally, the proposed changes provided some parity for federal credit unions with federally insured, stated-chartered credit...

WASHINGTON-The Senate Veterans Affairs Committee passed a favorable report last week concerning the Servicemembers Civil Relief Act (S.1136) onto the full Senate for consideration. S. 1136, which has no matching bill in the House, would revise certain provisions regarding protections and rights afforded to servicemembers while on active-duty. The bill,...

From the perspective of the Pennsylvania Credit Union Association, NCUA's new member small business lending rule opens up significant opportunities for credit unions in the small business loan marketplace. Although not a panacea for those who were already actively involved in business lending, the new rule is certainly positive news...

ST. LOUIS - Missouri Credit Union Association President/CEO Rosie Holub, in a recent article published in the St. Louis Business Journal that discussed the growth in the number of credit union members in the state, defended credit unions' expansion of services to their members beyond simply making "small consumer loans"...

RICHMOND, Va. - The Virginia Credit Union League is hopeful credit unions will receive permission "sometime over the next couple of weeks" to photocopy driver's licenses in order to stay compliant with Section 326 of the USA PATRIOT Act without having to individually seek this permission. The League said it...

ORANGE COUNTY, Calif. - As part of its long term strategic business plan, Patriots FCU announced an operating agreement to transfer its two on-base facilities - at Marine Corps Air Station Miramar, Calif. and Marine Corps Air Station Yuma, Arizona - and the Uptown Yuma branch office to Navy Federal...