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INews NowsI Top 10 stories for September (10/01/2010)
MADISON, Wis. (10/4/10)--Stories about the corporate credit union system dominated September’s list of top 10 stories in News Now. Other stories that made the list include a study indicating that credit unions beat banks on trust, and the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act. September’s top stories are: 10. Official insurance signs have March 2011 deadline WASHINGTON (9/3/10)--Starting March 2, 2011, federally insured credit unions must abandon any jury-rigged public displays that disclose a 2006 change in law that increased share insurance levels to $250,000, up from $100,000. 9. Study: CUs beat banks on trust--again MADISON, Wis. (9/8/10)--Banks could take a lesson from credit unions on building relationships, according to a recent Mintel Comperemedia report. 8. More on SAFE Compliance: Sample policy WASHINGTON (9/14/10)--The Credit Union National Association, in response to inquiries, has written a sample policy that credit unions may find useful to review in developing their own Safe and Fair Enforcement for Mortgage Licensing Act (SAFE) policy that must be adopted by Oct. 1. 7. NCUA: Assessment at 12.4 bp, corp. CU rule Sept. 24 ALEXANDRIA, Va. (9/17/10)--The National Credit Union Administration (NCUA) approved a 12.42 basis point National Credit Union Share Insurance Fund (NCUSIF) assessment at its Thursday open board meeting. 6. NCUA reveals new corporate CU rule ALEXANDRIA, Va. (9/27/10)--The National Credit Union Administration on Friday revealed the final corporate credit union rule. 5. NCUA to CUNA: Expect merger registry in Oct. WASHINGTON (9/9/10)--The National Credit Union Administration (NCUA) said credit unions can expect a national merger registry "to be live by October." The registry, an idea initally recommended by the Credit Union National Association would provide the names of potential credit union merger partners. 4. NCUA denies community charter for CU BRIDGETON, Mo. (9/20/10)--The National Credit Union Administration (NCUA) has denied an application by Bridgeton, Mo.-based Vantage CU to convert to a federal community charter. 3. Compliance: A SAFE registration update WASHINGTON (9/13/10)--The Conference of State Bank Supervisors (CSBS) briefed the Credit Union National Association (CUNA) and other trade associations last week about its progress on developing the registration process that banks, credit unions, and their employees will have to follow in order to comply with the Safe and Fair Enforcement for Mortgage Licensing Act (SAFE Act). 2. CU movement reacts to NCUA’s actions on corporates MADISON, Wis. (9/28/10)--The credit union movement responded over the weekend to the National Credit Union Administration's (NCUA's) announcements about its final corporate rule, the conservatorship of three corporate credit unions, and its plan to isolate and securitize the corporates' "legacy assets." 1. Cheney battles notion of CU ‘bailout’ on Fox News WASHINGTON (9/29/10)--Credit Union National Association (CUNA) President/CEO Bill Cheney took to the airwaves to correct the misperception that credit unions are being "bailed out" by the National Credit Union Administration's (NCUA) recently released corporate credit union and legacy asset plans.


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