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August 26, 2014

NEW: J. Mark McWatters sworn in as NCUA board member

Washington
DALLAS (8/26/14, UPDATED 11:30 a.m. ET)--J. Mark McWatters was sworn in today as a National Credit Union Administration board member, the agency just announced. ReadMore

Late 2Q Call Reports: 75 CUs could face civil money penalties

Washington
The number of late call report filers in the second quarter dropped to 75 credit unions from 104 in the first quarter, but National Credit Union Administration Chair Debbie Matz said the goal still is full compliance. ReadMore

Ruben Gallego heads into Ariz. primary with CU support

Washington
Credit union-supported Ruben Gallego will attempt to move closer to a congressional seat in Arizona's 7th Congressional District primary today. ReadMore

John Magill to leave after 9 strong years at CUNA

Washington
CUNA interim President/CEO Bill Hampel praised John Magill, executive vice president for government affairs and special assistant to the president, who announced Monday he will leave his position at CUNA on Sept. 5. ReadMore

CUNA: NCUA's securitization rule should allow CUs to securitize own loans

Washington
CUNA submitted a comment letter to the National Credit Union Administration regarding two proposed rules, one on assets securitization and the other on safe harbors. ReadMore

'Second chance' subprime auto loans necessary: Equifax

CU System
A fair and functioning subprime auto lending market is an essential element of a healthy economy, according to a new white paper from Equifax. ReadMore

CU branches in Napa slightly rattled after 6.0 quake

CU System
An early Sunday morning earthquake rattled the California wine country, and local credit union branches escaped relatively unscathed. ReadMore

Maine league adds co-op view to global Acadian Congress

CU System
Maine Credit Union League President John Murphy participated in a symposium on cooperation and cooperatives organized in conjunction with the World Acadian Congress, held Aug. 8-24. ReadMore
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