ARLINGTON, Va.-Call it fate or destiny, but NAFCU Chief Economist Tun Wai was meant to live to serve credit unions. Wai checked out of the Marriott at the World Trade Center September 10. His flight out of LaGuardia Airport was cancelled due to weather but instead of returning to his...

WASHINGTON-The terrorist attacks of September 11 have left their mark, literally and figuratively, around the world. One area that may not initially seem so directly linked, but was very much affected, was credit union grassroots lobbying. According to CUNA Vice President of Political Action Richard Gose, the period between Labor...

ALEXANDRIA, Va.-While the Deloitte and Touche study of the overhead transfer rate found no abnormalities in NCUA's setting of the transfer rate from the insurance fund to cover insurance-related expenses, it did suggest the agency tweak a few things. Last year the NCUA Board voted to raise the overhead transfer...

WASHINGTON-The CUNA Board gathered via teleconference last Tuesday afternoon and approved the Renaissance Commission report as amended by the Governmental Affairs Committee. An additional amendment, introduced by Board Member Gary Wolter, emphasizing the role of the credit union state leagues in pushing Renaissance issues at the state and local levels...

ALEXANDRIA, Va.-In what was billed as an historic event, NCUA held its first ever open budget forum November 1, permitting credit union and trade association input into the budget process for the first time. The credit union community was also invited to submit written testimony through November 7. The agency...

ALEXANDRIA, Va.-The major credit union trade associations have expressed great approval for the NCUA's recent issuance of an Advance Notice of Proposed Rulemaking (ANPR) on credit union investment authorities. While specifics are still at the drawing board stage, the lobby groups were not afraid to speak up. "I was very...

CHARLESTON, S.C.-Speaking to the National Association of Community Credit Unions, NCUA Chairman Dennis Dollar told the group that NCUA has received the long awaited Deloitte and Touche study of the agency's overhead transfer rate setting process. According to Dollar, the CPA firm found few errors in NCUA's calculation method and...

WASHINGTON-The House and Senate are back in session after anthrax scares forced them to cut sessions short a few weeks ago. The House adjourned for the week after business Wednesday, October 17, receiving some criticism from the Senate, which adjourned the following evening as is customary. The five of the...