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ARLINGTON, Va. - Reg-relief legislation may not have a chance of making it through Congress this year, but NAFCU is ready to be patient for the time when federally insured CUs will see some relief from the 12.25% of assets cap on member business loans "Member business lending reg relief...

OVERLAND PARK, Kansas -At its annual meeting held March 26 the U.S. Central Board elected its new directors. The following directors were elected for three-year terms: Tom Kuehl, president/CEO of the Iowa League Corporate Central CU; David Brehmer, president/CEO of First Carolina Corporate CU; Pete Crear, EVP of CUNA; and...

CHICAGO - Sarah Vega, director of the Illinois Department of Financial Institutions, has been appointed to the board of directors of the Federal Home Loan Bank of Chicago. She was chosen to serve a three-year term as a public interest director on the 15-member Chicago FHLB Board. Vega is one...

HARRISBURG, Pa - Carl Payne wants to make sure that he doesn't make either his regulator, the Pennsylvania Department of Banking, nor his insurer, NCUA, angry but he also strongly believes regulatory caution has left his credit union, The Greater Harrisburg Community Credit Union, with much slower growth than he...

WASHINGTON-The Office of Management and Budget (OMB) released a draft to Congress regarding the streamlining of federal regulations. OMB is now asking for comments on the report, which suggests that agencies provide data weighing the costs and benefits of regulations into the future, as well as a review of existing...

WASHINGTON - A new online credit union member survey conducted by Callahan & Associates for 15 credit unions demonstrates that many consumers are not aware that their credit unions offer Individual Retirement Accounts. They were also unaware that Congress increased the contribution levels this year. Nearly 40% of more than...

It's been 12 years since Credit Union Times burst on the credit union scene. Much has changed in the world of credit unions since volume one, number one landed on credit union desks. Much hasn't. John Buddle, CEO of MSIC (Massachusetts Credit Union Share Insurance Corporation), was cleaning out some...

NORTHVILLE, Mich. - Credit unions in the Midwest benefited substantially from the flight to quality that occurred among investing members in 2001. While both banks and credit unions saw significant increases in savings inflows during the year, credit unions saw member accounts rise more substantially than did the banks for...