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Current Story List

NCUA new CAMEL 3 reports aimed at preventing troubles
Washington

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.
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Filene study finds bank fees dwarf those of credit unions
Washington

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.
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Buckham to lead NCUA's consumer protection effort
Washington

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.
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Minn. league president gets press presence
CU/System

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.
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Walletpop: CUs a good option for 'fee-weary consumers'
CU/System

"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.
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Canadians consider federal CU legislation
CU/System

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

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.
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News of the Competition
Market

 
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Market News
Market

 
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Inside Washington
Washington

 
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CUs begin holiday activities
CU/System

Credit unions nationwide are going above and beyond to help their communities prepare for Thanksgiving this year. Their activities range from donating hundreds of turkeys to helping save one town's holiday celebration and parade.
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Romanian CUs note growth, need for PR
CU/System

Romanian credit unions' memberships have dramatically increased, leading to a need for better marketing and public relations, according to the North Carolina Credit Union League and the World Council of Credit Unions. The two organizations visited Romania last week.
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Debit card don'ts for the holidays
Consumer

As more consumers avoid using their credit cards to keep balances low, debit cards are getting a workout. Debit card transactions are predicted to outpace credit card transactions on Black Friday. As holiday shopping starts, consumers need to be cautious when using a debit card for transactions requiring a personal identification number (PIN) (walletpop.comNov. 12).
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EPL adds 3 CUs to i-Power
Products & Services

EPL, a CUNA Strategic Service, has added three credit unions to i-Power, EPL's core processing application.
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Fed CARD Act approach needs changes: CUNA
Washington

CUNA strongly endorsed part of a proposed Federal Reserve Regulation Z rule that would clearly limit minimum payment warning disclosures to credit cards by recognizing the provision should not apply to other types of credit in which these minimum payment warnings were not intended.
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CU System briefs
CU/System

 
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30-year mortgage rate lowest since May: Freddie Mac
Washington

Freddie Mac this week reported an average 30-year mortgage rate of 4.83 percent, the lowest mortgage rate of its type reported since the week ended May 21.
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CU 2010 assessment may be 0.15%-0.4%
Washington

The credit union assessment to fund the National Credit Union Share Insurance Fund and the corporate credit union stabilization fund could range from 0.15% and 0.4% of insured shares in 2010, National Credit Union Administration estimated Thursday.
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