NCUA Bans Five Former CU Executives

The NCUA banned former credit union executives who collectively stole more than $1.1 million from their respective credit unions. John C. Barry, a retired police officer and the former office manager of the merged $7 million Portland Maine Police Department Federal...

Mike Barton Retiring as NCUA Asset Management President

Mike Barton, president of the NCUA Asset Management and Assistance Center for the past 17 years, has announced he will retire at the end of September. NCUA Region IV Director C. Keith Morton will assume Barton’s responsibilities for the immediate future, the...

Preparing for the Worst When Storms Approach

As meteorologists track several storms threatening Hawaii, Florida and part of the east coast, it is a good time for credit unions to review plans for possible emergencies and business disruption. In a June 2009 letter, the NCUA urged all federally insured credit...

UPDATE: FI Groups Join To Delay Military Lending Act

Credit union and banking groups appealed on Wednesday to a federal interagency regulatory panel for a six-month delay in enforcing new rules designed to protect service members from predatory lenders. Last week officials with CUNA and the American Bankers Association...

HELOCs Keep the Home Lending Fires Burning

Overall home lending in the second quarter fell from a year ago as the tide continued to ebb on refinancing, according a report released Thursday by ATTOM Data Solutions. The Irvine, Calif., company’s latest quarterly report showed 1.9 million loans were...

Remembering 9/11

After the first plane hit the North Twin Tower in New York City on Sept. 11, 2001,  Kam Wong, then the CFO of the $2.5 billion Municipal Credit Union, decided that all employees must evacuate the headquarters building just a few yards from the Ground Zero site....