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Credit Union Times
JPMorgan Fiasco Echoes Corporate Credit Union Meltdown - Credit Union Times
A corporate insider, who asked to remain anonymous, said the losses at JPMorgan weren't as bad as corporate losses when comparing the size of the loss to capital and assets. While WesCorp posted more than $2 billion in losses, the former California ...
Alabama Regulator Sees No Conflict of Interest - Credit Union Times
However, a former Alabama Credit Union League official, who asked to remain anonymous, expressed concern about the relationships between Corporate America and the state regulator. “The NCUA should be concerned, so should the governor's office and our ...
Alabama Administrator Morgan Denies Conflict of Interest in NCUA-Corporate ... - Credit Union Times
However, a former Alabama Credit Union League official, who asked to remain anonymous, expressed concern about the relationships between Corporate America and the state regulator. “The NCUA should be concerned, so should the governor's office and our ...
NCUA: FIS Letter Routine Regulator Action - Credit Union Times
The sources, who spoke on background, pointed out that the agency had little choice but to share the letter and would have had to bear some degree of responsibility had credit unions suffered losses from risk of which the agency was aware but credit ...
Experts Ponder Which Security Threats May Gain Speed - Credit Union Times
Security experts, speaking off the record, said that the nation's big banks already employ teams tasked with prowling the Web in search of doctored apps. How many have they found? That figure is unknown but the suspicion is that there would not be so ...
WestCorp Defendants Seek to Depose NCUA - Credit Union Times
“Certainly that would be one line of their defense,” said one financial services attorney who declined to speak for attribution because he had not seen the notice. “If they could uncover advice from NCUA to buy more of the securities or notices from ...
US Central ACH Hike Causes Run for the Exits - Credit Union Times
One corporate chief operating officer, speaking off the record because he was not authorized to reveal these details, indicated deep frustrations with the ACH conversion race. “We are in the process of completing our transition plan for APEX-ACH.
NCUA Audit Stokes an Uproar - Credit Union Times
A senior executive with a corporate credit union, who requested anonymity because he was not authorized to speak on the record on behalf of his institution, said the estimates offered by the NCUA are inherently vague. “Read the notes to the report and ...
Western Bridge News Expected This Week - Credit Union Times
Involved parties, who asked for anonymity because they are not authorized to speak on the record, indicated that an announcement–probably about Western Bridge, possibly also about US Central –will be forthcoming on Dec. 15, the day of the next NCUA ...
No News Is the News About Western Bridge - Credit Union Times
Involved parties who asked for anonymity because they are not authorized to speak on the record indicated that an announcement – probably about Western Bridge, possibly also about US Central – will be forthcoming on Dec. 15, the day of the next NCUA ...
Decker Nomination: Total Silence Descends - Credit Union Times
A source close to the committee said they were trying to find a time for a hearing, but there haven't been any additional announcements. The NCUA's examination reports are confidential and aren't given to the White House as part of the screening ...
Western Bridge Next Steps? - Credit Union Times
That will end NCUA's issues,” said a senior executive with a corporate credit union who requested anonymity. A reality, added another credit union insider, is that the credit union system is not designed to handle the abrupt need for many hundreds of ...
'Bank Transfer Day' Causes CU Buzz - Credit Union Times
Industry sources, speaking off the record, suggested any wholesale switch from large banks to CUs on Nov. 5, the day designated by one Californian and carried atwitter Monday, could conceivably put net worth ratios out of whack. ...
ATM Litigation Stoked by Legal Opportunism - Credit Union Times
One legal expert, speaking on background, recounted how one law firm in his area filed 24 such lawsuits against banks and other ATM deployers in his area and garnered roughly $10000 a piece from each of them. “Litigation is very expensive,” the ...
Legal Opportunism Stokes ATM Litigation: Print Preview - Credit Union Times
One legal expert, speaking on background, recounted how one law firm in his area filed 24 such lawsuits against banks and other ATM deployers in his area and garnered roughly $10000 a piece from each of them. “Litigation is very expensive,” the ...
After 1 Year at CUNA, Bill Cheney Recalls More Highlights Than Frustrations - Credit Union Times
... memory and helped make the transition seamless. Mica's consulting firm is doing lobbying on behalf of CUNA. Several employees, who requested anonymity, said Cheney is well aware of what goes on within the organization but isn'ta micromanager.
CU Lobbyists Waging Last-Minute Effort to Push Interchange Measure - Credit Union Times
One lobbyist, who requested anonymity, said the latest whip count indicated they are one or two votes short with about with eight to 10 senators in the 100-member chamber undecided. Three senators who supported the Durbin Amendment to last year's ...
Senate Panel Hearing Anticipated for Udall Business Lending Bill - Credit Union Times
The sources, who requested anonymity, said the panel is likely to hold a hearing during the week of June 13. A committee spokesman didn't immediately return a request for comment. Credit unions have been fighting for this bill for several years and ...
Trashing Those Old ATMs Is Not a Simple Task - Credit Union Times
"In many ways this problem has been building for some time, but always under the surface or off the radar," said one government security analyst who declined to give his name because his agency did not allow him to speak for the record. ...
NCUA Fires More Shots Across Corporate Bows - Credit Union Times
The CEO of a corporate who requested anonymity indicated that, to his eyes, NCUA is warning small and mid-sized corporates to back off plans to join ...
NCUA Finally Gives a Thumbs Up to First Tech-Addison Avenue Merger - Credit Union Times
... have a credit union, First Tech, with a community charter combining with SEG-based Addison," said one merger specialist who asked not to be identified. ...
NCUA Official Acknowledges Legacy Assets Secrecy - Credit Union Times
The NCUA staffer, who requested anonymity, confirmed that the regulator's board members and senior staffers have only had informal, “anecdotal” discussions ...