ALEXANDRIA, Va. (8/27/14, UPDATED 10:30 a.m. ET)--J. Mark McWatters, the newest National Credit Union Administration board member, wasted no time in releasing his top priorities for the agency. One day after his swearing-in ceremony, he names regulatory relief, transparency, accountability, supporting low-income credit union members and promoting greater industry diversity as among items high on his list.
With J. Mark McWatters having been sworn in as the newest member of the National Credit Union Administration board Tuesday, CUNA immediately welcomed him and outlined a number of credit union system developments it hopes to work on with him.
The Minnesota Credit Union Network Monday introduced "Minnesota Minded," a report about the growth Minnesota credit unions have experienced since the financial crisis.
article cited credit unions' 100 million membership milestone and highlighted the growth of cooperative financial institutions since the financial crisis. CUNA interim Chief Economist Mike Schenk was interviewed for the article.
U.S. Housing and Urban Development Secretary Julian Castro addressed ways to balance serving homebuyers while managing risk for the Federal Housing Administration.
Starting with mortgages insured by the Federal Housing Administration on Jan. 21, 2015, and beyond, borrowers who prepay their FHA mortgages will not have to make interest payments beyond the date their loan is paid in full.
The voting membership of NACHA, the Electronic Payments Association has approved ballots for two upcoming rules for the Automated Clearing House Network. The two rules are designed to improve ACH Network quality by reducing the incidence of ACH transactions that result in exceptions and returns.
Twenty-one credit unions received $27,906,027 in grants Tuesday from the U.S. Treasury Department's Community Development Financial Institutions program.
Experiencing its fourth consecutive monthly increase, the Conference Board Consumer Confidence Index for August hit its highest mark since October 2007.
The influence of credit union chief lending officers extends beyond lending responsibilities into leadership and business strategy roles, according to a new white paper from the CUNA Lending Council.