MADISON, Wis.—Call it a clear-cut case of “divided earnings.” The bifurcation in growth in both lending and members in the credit union community has seldom been clearer than in just-released numbers for January of 2015, which show that while overall numbers for credit unions are strong, smaller CUs continue to struggle to make loans and to add members.
BOSTON—There is potential for a “big problem” in the offing with home equity loans, according to one person.
ALEXANDRIA, Va.—It’s Saint Patrick’s Day, time to raise a pint of Guinness to all the St. Patrick’s Credit Unions in the U.S. But don’t expect to do much toasting—there are just two remaining.
WASHINGTON—A proposal that calls for allowing regulators to exempt community financial institutions from new and existing regulations has sparked debate within credit unions as to how the concept might be implemented and what might actually transpire if it ever were.
WASHINGTON—Will the second risk-based capital proposal from NCUA draw as many comments as the first? A quick poll of CU executives at CUNA’s GAC indicates maybe not.
WASHINGTON--On GAC's last day, credit unions heard a fiery attack on big banks and any plans to dial back the CFPB, the value of 'Ohana,' why credit unions should quit saying 'tax-exempt,' and much more.
WASHINGTON—Credit unions, and especially their volunteer boards, received something of a stern reminder from the former director of Homeland Security that it’s not enough to address cyber-security risks by passing off responsibility to someone in IT.
WASHINGTON--For the first time at GAC, one person has gone from the audience at the meeting to the podium, as a former CU exec has been elected to Congress. Also at the meeting: Congressmen talk credit unions; one person calls for more sleep; CUNA's new MAP gets a formal introduction; the gavel passes, and two pioneers are recognized.
WASHINGTON—Dennis Flannigan is concerned that federally chartered CUs in Nevada are a dying breed, with only six left. And his federal credit union, Great Basin, may not remain in the federal fold much longer unless NCUA does not do something to amend its FOM rules. Flannigan and others joined NCUA's Rick Metsger for an early-morning discussion of FOM challenges during CUNA's GAC.
WASHINGTON—The highest honors in the U.S. credit union community—the Herb Wegner Awards—were presented last night in a stirring and moving ceremony. That and other news from CUNA’s GAC, including observations from its new CEO, thoughts on FOM from an NCUA board member, as well as thoughts from President George W. Bush’s press secretary on that job and what the 2016 election might hold.
