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Top 10 INews NowI stories for July (08/02/2010)
MADISON, Wis. (8/3/10)--Regulatory reform topped July’s list of top 10 stories in News Now, with a story about the CEO of an Atlanta credit union shot and killed in a New Jersey park claiming the second spot. July’s top 10 stories are: 10. Voluntary merger, P&A guidance released by NCUA ALEXANDRIA, Va. (7/2/10)--The National Credit Union Administration on Thursday provided credit unions with background information on its purchase and assumption (P&A) and merger process and detailed the criteria that the agency uses to evaluate P&As and mergers. 9. CU loans, savings and asset trends see reversals in May MADISON, Wis. (7/6/10)--The Credit Union National Association’s monthly review of credit unions for May reflected three reversals in recent trends--in loans, savings balances and asset quality, according to a CUNA economist’s analysis. 8. Cheney on board, outlines priorities as CUNA’s new CEO WASHINGTON (7/6/10)--William “Bill” Cheney, who officially became president/CEO of the Credit Union National Association over the long holiday weekend--on July 5--says his first priority upon taking the helm at CUNA is to assure a smooth transition of power during this volatile time for credit unions. 7. Police say CEO threatened officer before shooting NEWARK, N.J. (7/22/10)--The CEO of an Atlanta, Ga., credit union threatened a police officer before being fatally shot in a New Jersey park Friday, according to a statement from the prosecutor’s office of Essex County. 6. NCUA announces CU liquidation, merger ALEXANDRIA, Va. (7/2/10)--The National Credit Union Administration on Thursday allowed Virginia Beach, Va.-based Chartway FCU to assume some of the assets and liabilities of Saint George, Utah’s, Southwest Community FCU, which was liquidated on Wednesday. 5. Cheney refutes American Banker CU criticism WASHINGTON (7/8/10)--Responding to a recent American Banker story on poor credit union performance, Credit Union National Association President/CEO Bill Cheney said that credit unions are “coping with today’s economic challenges and continue to shine.” 4. NCUA cautions CUs on home equity schemes ALEXANDRIA, Va. (7/19/10)--The National Credit Union Administration in a regulatory alert warned credit unions of potential red flags for home equity fraud schemes. 3. Four barred by NCUA from CU work ALEXANDRIA, Va. (7/21/10)--The National Credit Union Administration issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution. 2. CEO of CU Atlanta killed by police ATLANTA (7/20/10)--The CEO of CU of Atlanta was shot and killed by New Jersey police over the weekend, according to local media reports. 1. CUNA: Final reg reform has some CU improvements WASHINGTON (7/16/10)--Following the Senate’s 60 to 39 vote approval of comprehensive financial regulatory reform legislation, Credit Union National Association President/CEO Bill Cheney said that credit unions would work with regulators to ease the impact that interchange provisions could have on their operations and members.


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