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CU System
INews NowsI top 10 stories for September
MADISON, Wis. (10/2/09)--A story about the National Credit Union Administration (NCUA) banning 12 from financial institution heads up September’s top stories for News Now. Other top 10 stories involve National Credit Union Administration Chair (NCUA) Debbie Matz’s first board meeting, and two credit union robberies. Here are the top 10 most requested News Now stories during September. Use the links to read the full stories: 10. Fed limits CARD Act minimum payment warnings to credit cards WASHINGTON (9/30/09)--Proposed amendments to Regulation Z released by the Federal Reserve today would limit the required minimum payment warning disclosures outlined in the Credit Card Accountability, Responsibility and Disclosure (CARD) Act to credit card accounts. 9. Schumer to back Sen. overdraft bill WASHINGTON (9/09/09)--Sen. Charles Schumer (D-N.Y.) announced Tuesday that he wants to see more consumer protections associated with overdraft protection plans and that he will back legislation targeting abusive practices. 8. Government lets UBIT filing date pass WASHINGTON (9/16/09)--The government let its 60 days come and go and failed to file an appeal to a federal court judge's July decision that backed a favorable verdict for credit unions in an unrelated business income tax (UBIT) case. 7. MACUA CEO resigns BISMARCK, N.D. (9/11/09)--Tony Richards, president/CEO of Mid-America Credit Union Association (MACUA), has resigned, effective immediately. 6. Dodd may introduce overdraft fee bill this week WASHINGTON (9/21/09)--Senate Banking Committee Chairman Chris Dodd as early as this week could introduce a bill that would require financial institutions to seek permission before they can enroll their accountholders in an overdraft protection program. 5. Former CU exec commits suicide during arrest MACON, Ga. (9/9/09)--A former manager of a Georgia credit union committed suicide when local authorities tried to arrest her on charges of embezzlement. 4. Matz’s first meeting: 0.15% NCUSIF assessment, CLF changes ALEXANDRIA, Va. (9/25/09)--As anticipated, the National Credit Union Administration (NCUA) on Thursday approved a 0.15% of insured shares assessment on federally insured credit unions. The action is intended to help the NCUA return the National Credit Union Share Insurance Fund's (NCUSIF) equity to 1.3% of June 30, 2009 shares and repay $310 million in funds the Stabilization fund has borrowed from the U.S. Treasury. 3. U.S. Central 2008 financial statement released WASHINGTON (9/14/09)--When assessing the December 2008 U.S. Central FCU financial statement released Friday, interested parties should remember that the reporting was completed under a since revised accounting standard that forced the corporate credit union to record a larger other than temporarily impairment (OTTI) charge than current accounting rules require, the Credit Union National Association (CUNA) said upon the release of the statement. 2. One dead, three arrested after CU robbery TAMPA, Fla. (9/28/09)--Three robbery suspects were apprehended by police and one person was found dead, an apparent suicide, in the aftermath of a Thursday robbery of Grow Financial CU, in Tampa, Fla. 1. NCUA bans 12 from financial institution work ALEXANDRIA, Va. (9/24/09)--Twelve former credit union employees have been banned by the National Credit Union Administration (NCUA) from participating in the business of any federally insured financial institution.


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