WASHINGTON-In a recent letter to Senate Appropriations Subcommittee on VA, HUD, and Independent Agencies Chairwoman Barbara Mikulski, NAFCU urged the subcommittee to remove the $600 million borrowing cap on the Central Liquidity Facility (CLF), or if not possible, at least set it at last congressional session's $1.5 billion. The letter...

WASHINGTON-As CUNA President and CEO Dan Mica celebrates his five-year anniversary with CUNA July 1, he's looking to the future. Not only is he examining CUNA's future, but also his own, and he sees himself with CUNA for the next five years. "In my first five years at CUNA, any...

NEW ORLEANS - In a speech before the 27th annual meeting of the National Federation of Community Development Credit Unions (NFCDCU), acting NCUA Chairman Dennis Dollar emphasized that the agency is looking for ways to better serve small and low-income credit unions through its Office of Credit Union Development. After...

WASHINGTON -In a comment letter to Treasury Secretary Paul O'Neill, CUNA offered up its "strongest support" for the proposed review of the compliance burdens associated with the Bank Secrecy Act (BSA) and the regulation promulgated under it. According to CUNA Associate General Counsel Mary Dunn, CUNA has been asking for...

ALEXANDRIA, Va.-NCUA's June board meeting covered several items that have been typical of the agency's meetings lately, including a community charter conversion and technical amendments to slightly outdated regs. The NCUA Board unanimously approved the conversion of Avon Refinery Federal Credit Union from a multiple-group charter to a community charter...

ALEXANDRIA, Va. - NCUA deployed Region V examiners onsite here last week to three federal credit unions hit by the extensive flooding in Houston and 28 southeastern Texas counties. Many of the areas were declared federal disaster areas after thousands of businesses and homes were damaged or completely destroyed by...

WASHINGTON - Federal Deposit Insurance Corporation (FDIC) Chairman Donna Tanoue resigned her position on June 11 via a letter to President George W. Bush. Tanoue's term had expired in October, and Bush announced in April that he intended to nominate Texas banker Donald Powell as the next chairman of the...

WASHINGTON - While Acting NCUA Chairman Dennis Dollar is preparing to give credit unions some regulatory flexibility, the Office of the Comptroller of the Currency (OCC) has announced a pilot program to do the same for national banks. The program is aimed at smaller community banks, according to Comptroller John...