There were no surprises in the Alabama primary that was held on Tuesday. Senate Banking Committee Chairman Richard Shelby easily won his primary over challenger Jonathan McConnell. Sen. Shelby won 65 percent of the vote to 25 percent for McConnell...
CUNA recently commissioned an analysis of the financial impact of regulation on credit unions. In an interview with S&P Global Market Intelligence, Alabama Credit Union’s Steve Swofford spoke about the credit union’s...
The National Credit Union Association (NCUA) has accepted a judgment for $33 million, plus pre-judgment interest, from Swiss banking giant UBS AG to resolve claims from losses related to purchases of residential mortgage-backed securities (MBS)...
Wednesday, the Florida House of Representatives passed HB 1233, signifying a big win for credit unions. This bill requires the Office of Financial Regulation to enter into an information-sharing agreement with the Federal Home Loan Bank Atlanta...
The Home Mortgage Disclosure Act (HMDA) requires mortgage lenders nationwide to report certain data to their respective regulators. ComplianceTech compiled key data from HMDA reporters in 2014 (the latest information available), giving credit unions...
The Halls of Congress were packed with credit union people from around the country. Alabama and Florida credit unions made 38 visits in just about seven hours. Also during the Hill visits, Reps. Mo Brooks (R-AL) and Bill Posey (R-FL) were honored...
The traditional opening of the CUNA GAC includes a drum and fife corp, a color guard, and a credit union representative from each state walking in with the state flag. CUNA President/CEO Jim Nussle also challenged credit unions to tell the...
The National Credit Union Administration (NCUA) and the U.S. Treasury Department’s Community Development Financial Institutions Fund, Monday, signed an agreement that will streamline the application process for low-income credit unions to become...
With near record attendance for Alabama and Florida credit unions, as well as for the entire CUNA GAC, festivities kicked off Sunday with some sessions, author Daniel Pink, and the LSCU Welcome Reception. Located the Grand Hyatt, the LSCU host...
As credit unions push the NCUA to return to an 18-month exam cycle, the FDIC has increased the number of small banks and savings associations eligible for an 18-month examination cycle. These institutions will move from the 12-month cycle. The FDIC...