Credit unions

NCUA's Hauptman elevated to vice chairman

12/18/20

This is the first time the agency has had a vice chairman since 2014.

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NCUA approves smaller budget, but will it stick?

12/18/20

The spending plan passed in a party-line vote, but board member Todd Harper's objections indicate he could push for closer oversight if President-elect Joe Biden elevates him to the chairmanship.

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Bankers all wrong on NCUA's subordinated debt plan

12/18/20

The rule change will allow credit unions to raise more capital to help their members, not line the pockets of investors, as bank lobbyists claim.

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Critics say NCUA budget fails to reflect post-COVID realities

12/17/20

Credit union trade groups said the regulator’s spending plan indicates the agency isn't listening to feedback and needs to make further cuts while providing more support for de novos.

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California credit union aims to be test case for divisive capital rule

12/16/20

First Technology FCU, led by a former banker, stands ready to raise fresh capital by issuing subordinated debt. But first it must wait for a rule change from the National Credit Union Administration that's drawing fierce opposition from the banking industry.

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Allied Federal Credit Union names new CEO

12/16/20

Tonia Clark will leave Las Colinas FCU to take the helm of $116 million-asset Allied.

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NCUA capital plan prioritizes investors over consumers

12/16/20

The regulator is expected to finalize a rule this week allowing credit unions to issue subordinated debt to outside institutional investors. That's bad public policy, the American Bankers Association writes.

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Merger bolsters Telhio’s presence in Columbus

12/15/20

Columbus Metro Federal Credit Union members will have access to more products, including commercial loan services, and 14 branches with the merger.

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Another round of hazard pay unlikely as pandemic’s second wave worsens

12/15/20

Some credit unions that gave bonuses to front-line staff at the onset of the coronavirus outbreak may be too cash-strapped to offer similar payouts during this latest surge.

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Kyle Hauptman formally joins NCUA board

12/14/20

Hauptman said dealing with the economic fallout from the coronavirus was a top priority for the agency, along with aligning incentives and expanding the use of technology in the industry.

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