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Top 10 INews NowI stories for May
MADISON, Wis. (6/2/09)--Here are the Top 10 News Now stories most requested by readers during May. Use the link to review the entire story online. 10. Sixty gang members nabbed in $500,000 scam vs. CU SAN DIEGO (5/15/09)--More than 60 members and associates of the San Diego Lincoln Park Street Gang were arrested Tuesday and charged with stealing $500,000 from a credit union by recruiting young credit union members to give up their account information so the account could receive counterfeit check deposits. 9. House panel to discuss corporate stabilization WASHINGTON (5/13/09)--A House Financial Services subcommittee will discuss the National Credit Union Administration's (NCUA) corporate credit union stabilization plan in a May 20 hearing. 8. Member pops question at annual meeting, CEO says yes PORT HURON, Mich. (5/12/09)--It was all business at E&A CU's annual meeting May 4, but the conclusion brought a surprise and some happy drama to the Port Huron, Mich.-based credit union's meeting. 7. Kanjorski offers corporate CU stabilization bill WASHINGTON (5/14/09)--Rep. Paul Kanjorski (D-Pa.), a longtime supporter of the credit union movement, has introduced legislation that will "recapitalize the credit union deposit insurance system to ensure the long-term stability of the credit union system." 6. CU stabilization, insurance fund mods clear Senate WASHINGTON (5/7/09)--The Senate on Wednesday voted 91-5 to approve S. 896, the Helping Families Save Their Homes Act, which now includes provisions to create a temporary Corporate Credit Union Stabilization Fund and permit credit unions to spread the cost of National Credit Union Share Insurance Fund (NCUSIF) replenishment over a longer period of time. 5. More accounting guidance sent to NCUA examiners WASHINGTON (4/10/09)--National Credit Union Administration (NCUA) examiners received additional clarification today regarding credit unions' flexibility in booking the National Credit Union Share Insurance Fund (NCUSIF) deposit impairment, according to NCUA. 4. Community First CU wins UBIT case GREEN BAY, Wis. (5/15/09)--Community First CU has won its challenge against the federal government over the Internal Revenue Service's (IRS) interpretation of the unrelated-business income tax (UBIT) as it relates to three insurance products. 3. Matz to be nominated as NCUA chair WASHINGTON (5/22/09)--Debbie Matz is President Barack Obama's choice to become the new chair of the National Credit Union Administration (NCUA), the White House announced Thursday. 2. House, Senate pass corporate stabilization bill WASHINGTON (5/20/09)—The House and Senate on May 19 approved S. 896, the Helping Families Save Their Homes Act, which would extend $250,000 share and deposit insurance coverage and help credit unions manage the impact of the financial crisis on the credit union system through a corporate stabilization program. 1. President's pen turns corporate stabilization plan into law WASHINGTON (5/21/09)--In a ceremony held at the White House on May 20, President Barack Obama signed S. 896, the Helping Families Save Their Homes Act, into law.


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