CUNA News Now Headlines

NCUA new CAMEL 3 reports aimed at preventing troubles

Fri, 20 Nov 2009 18:26:03 GMT

While the National Credit Union Administration has long monitored the status of CAMEL Code 4/5 credit unions, the agency is taking a closer look at CAMEL Code 3 credit unions with the recent addition of a CAMEL Code 3 slide to its monthly report on National Credit Union Share Insurance Fund and Temporary Corporate Credit Union Stabilization Fund statistics.

Filene study finds bank fees dwarf those of credit unions

Fri, 20 Nov 2009 18:29:39 GMT

Bank customers pay substantially more in overdraft fees and other account fees than credit union members, with low-balance bank customers taking the brunt of that burden, a recently released Filene Research Institute study has found.

Buckham to lead NCUA's consumer protection effort

Fri, 20 Nov 2009 20:07:29 GMT

The National Credit Union Administration, at last week's board meeting, announced the disbanding of its National Examination Team and a day later announced that unit's director will become the leader of the agency's new Office of Consumer Protection (OCP) when it opens in January.

Minn. league president gets press presence

Fri, 20 Nov 2009 19:37:42 GMT

Minnesota Credit Union Network President/CEO Mark D. Cummins made his debut as a regular industry columnist in early November, highlighting the importance of credit unions as financial cooperatives in Minnesota's Finance & Commerce newspaper.

Walletpop: CUs a good option for 'fee-weary consumers'

Fri, 20 Nov 2009 22:12:41 GMT

"Fee-weary consumers" looking for a respite from bank fees and charges should consider credit unions and small community banks, according to a Friday column in WalletPop.

Canadians consider federal CU legislation

Fri, 20 Nov 2009 20:00:02 GMT

The Canadian government is considering a bill to create a federal licensing option for the nation's 427 credit unions. Canadian credit unions are currently regulated and licensed on a provincial basis. Federal legislation would give credit unions the power to operate across provinces.

Corp CU town-hall meetings to continue in Jan., Feb.

Fri, 20 Nov 2009 20:12:11 GMT

The reform plan for corporate credit union regulation has been unveiled and the National Credit Union Administration (NCUA) intends to continue its town-hall style approach to garnering comment from stakeholders.