Top 20 CU stories for 2008

MADISON, Wis. (1/2/09)—Here are the top 20 stories most requested by News Now readers during 2008. Use the link to review the entire story online.

20. House won't vote today on CU bill

WASHINGTON (4/29/08)—The Credit Union National Association's (CUNA) lobbying team will be on Capitol Hill early Tuesday morning to focus on next steps after learning that a much anticipated Credit Union Regulatory Relief Act (CURRA, H.R. 5519) was pulled from Tuesday's House voting schedule.

19. On the CU Tube: Touting the CU difference

MADISON, Wis. (1/28/08)--Each week, News Now will feature an online video that involves the credit union movement.

18. Mica on FOX TV: CU members' funds are safe, insured

WASHINGTON (9/26/08)—Credit Union National Association (CUNA) President/CEO Dan Mica Thursday again assured a national television audience that federally insured deposits in the nation's credit union system are safe and have the full backing of the U.S. government.

17. Exam procedures approved for 'red flags,' and more

WASHINGTON (10/14/08)—Federal credit union, bank and thrift regulators have approved the examination procedures required to determine a financial institution's compliance with rules regarding identity theft "red flags" (12 CFR 222.90) and other regulations under the Fair Credit Reporting Act (FCRA).

16. NCUA updates graphics for $250K insurance

ALEXANDRIA, VA. (10/9/08)--The National Credit Union Administration (NCUA) said yesterday it has updated its collection of printed and online materials that communicate increased federal share insurance to consumers.

15. 2008 GAC, Day 4 (slide show)

14. Seventeen FIs targeted in high-dollar wiretapping scam

FEDERAL WAY, Wash. (1/15/07)--At least 17 financial institutions--including several credit unions in Washington State and elsewhere--have seen a sophisticated, high-dollar scam involving wiretapping to steal hundreds of thousands of dollars from home equity lines of credit (HELOCs).

13. Study: Gens X, Y more likely to switch PFIs

ST. LOUIS (7/23/08)--Generation X and Y may be the future of retail banking, but they are the most likely to switch primary financial institutions (PFIs) because of fees or poor service, according to a poll by Maritz Inc.

12. 2008 GAC, Day 2 (slide show)

11. 'Red Flags' delay for state-chartered CUs

WASHINGTON (10/23/08)--Just about a week after federal credit union, bank and thrift regulators approved the examination procedures required to determine a financial institution's compliance with rules regarding identity theft "red flags" (12 CFR 222.90), the Federal Trade Commission (FTC) said it will suspend enforcement of the rule for six months until May 1, 2009.

10. Immediate CU grassroots action urged for CURRA

WASHINGTON (4/28/08)—On the cusp of an important House vote on credit union regulatory relief legislation, the Credit Union National Association (CUNA) and the leagues are urging credit unions to push back banker opposition and help clear the way for H.R. 5519, the Credit Union Regulatory Relief Act (CURRA).

9. HELOC thefts grow--$6.5+ million, 18 CUs

MADISON, Wis. (1/16/08)—CUNA Mutual Group is warning credit unions that a sophisticated fraud scheme involving home equity line of credit loans (HELOCs) is spreading. So far, 18 credit unions have reported losses or fraud attempts totaling more than $6.5 million.

8. 2008 GAC, Day 3 (slide show)

7. Keesler FCU hit by cell phone text scam

BILOXI, Miss. (2/27/08)—A cell phone text-message scam was targeted against Keesler FCU on Saturday, the credit union announced Tuesday.

6. VISA stock accounting tips offered for CUs

WASHINGTON (1/11/08)—Credit unions currently sorting through the complex accounting issues associated with treatment of VISA Class B stock may find value in an analysis being released today by the Credit Union National Association's (CUNA's) Accounting Task Force.

5. Leagues, CUNA reassure members their money is safe

MADISON, Wis. (7/17/08)—Credit union leagues nationwide are reassuring members their money is safe after media reports regarding the IndyMac bank failure triggered concerns among consumers about the security of their deposits.

4. 2008 GAC, Day 1 (slide show)

3. CNN, Forbes on CUs: 'Grab them while you can'

ATLANTA (9/19/08)--"If there's a calm in the economic storm, it may be credit unions, whose investors are sleeping through the night," reported Susan Lisovicz of CNN Thursday during an interview with Neil Weinberg, senior editor of Forbes Magazine.

2. CUNA: Flawed Treasury plan would turn CUs into banks

WASHINGTON (3/31/08)—The Credit Union National Association (CUNA) Sunday blasted a proposed U.S. Treasury financial regulatory overhaul which intitial reports said would consolidate federal credit unions, national banks and federal thrifts into a single "federally insured depository institution" charter.

1. $250K NCUSIF coverage effective immediately

WASHINGTON (10/6/08)—Friday's passage of the Emergency Economic Stabilization Act of 2008 will require the National Credit Union Administration (NCUA) to immediately increase share insurance protection to $250,000 on all types of accounts until Dec. 31, 2009.