Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
N.C. regulator still independent takes budget hit
GREENSBORO, N.C. (8/10/09)--The North Carolina state budget has been announced and indicates that the state Credit Union Division will remain independent, according to the North Carolina Credit Union League. The Credit Union Division was removed from the state’s general fund. However, the division’s reserves of $760,411 will be transferred to the General Fund. “We consider the removal of the Credit Union Division’s budget from the General Fund a win for state-chartered credit unions,” said Lauren Whaley, league director of state legislative affairs. “The division has escaped the budget cuts and political influence it would have been subjected to under control of the legislature. Allowing the division to maintain its autonomy is vitally important with the current conditions of the financial industry and economy.” Whaley also noted that no furloughs or layoffs of examiners in the division are planned.


RSS print
News Now LiveWire
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
10 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
14 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
14 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
15 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
15 hours ago