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Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey. 12 hours ago

St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX 13 hours ago

CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN. 17 hours ago

NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts. 4 days ago

Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan. 4 days ago

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November 23, 2009

NCUA new CAMEL 3 reports aimed at preventing troubles

Washington

While the National Credit Union Administration has long monitored the status of CAMEL Code 4/5 credit unions, the agency is taking a closer look at CAMEL Code 3 credit unions with the recent addition of a CAMEL Code 3 slide to its monthly report on National Credit Union Share Insurance Fund and Temporary Corporate Credit Union Stabilization Fund statistics. Read this story

Filene study finds bank fees dwarf those of credit unions

Washington

Bank customers pay substantially more in overdraft fees and other account fees than credit union members, with low-balance bank customers taking the brunt of that burden, a recently released Filene Research Institute study has found. Read this story

Buckham to lead NCUA's consumer protection effort

Washington

The National Credit Union Administration, at last week's board meeting, announced the disbanding of its National Examination Team and a day later announced that its director will become the leader of the agency's new Office of Consumer Protection (OCP) when it opens in January. Read this story

Minn. league president gets press presence

CU/System

Minnesota Credit Union Network President/CEO Mark D. Cummins made his debut as a regular industry columnist in early November, highlighting the importance of credit unions as financial cooperatives in Minnesota's Finance & Commerce newspaper. Read this story

Walletpop: CUs a good option for 'fee-weary consumers'

CU/System

"Fee-weary consumers" looking for a respite from bank fees and charges should consider credit unions and small community banks, according to a Friday column in WalletPop. Read this story

Canadians consider federal CU legislation

CU/System

The Canadian government is considering a bill to create a federal licensing option for the nation's 427 credit unions. Canadian credit unions are currently regulated and licensed on a provincial basis. Federal legislation would give credit unions the power to operate across provinces. Read this story

Corp CU town-hall meetings to continue in Jan., Feb.

Washington

The reform plan for corporate credit union regulation has been unveiled and the National Credit Union Administration (NCUA) intends to continue its town-hall style approach to garnering comment from stakeholders. Read this story

Copyright © 2009 - Credit Union National Association, Inc.