Posts From December, 2010

Chairman Matz to Testify at Senate Hearing, CUNA Statement Submitted 

Thursday, December 09, 2010 11:28:33 AM
WASHINGTON - NCUA Chairman Debbie Matz is the sole witness at a credit union-specific Senate Banking Committee hearing taking place this morning. The hearing, which is entitled "The State of the... read more
 

Music, Magic, and Ideas: NJCUL's Marketing Conference a Success! 

Thursday, December 09, 2010 11:23:37 AM
JAMESBURG N.J. - On Tuesday, December 7, 26 credit union professionals attended NJCUL's one-of-a-kind Marketing Conference. At the full day event, attendees were given the chance to network and... read more
 

New House Financial Services Committee Chair Named 

Wednesday, December 08, 2010 11:25:17 AM
WASHINGTON - Congressman Spencer Bachus (R-Ala.) was selected Tuesday to serve as chairman of the House Financial Services Committee in the 112th Congress. Serving as ranking Republican on the... read more
 

Credit Unions Commit $120M in Capital to Mid-Atlantic Corporate 

Wednesday, December 08, 2010 11:25:14 AM
MIDDLETOWN, Pa. - In the wake of NCUA's recent corporate regulations, the agency sent a letter to credit unions stating "over the next year, boards will be expected to make a strategic decision about ... read more
 

Consumer Laws Transferred Under the CFPB 

Tuesday, December 07, 2010 10:47:55 AM
WASHINGTON - Under the recent legislation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the Bureau of Consumer Financial Protection (CFPB) is provided very broad... read more
 

Congressional Hearing on CUs Moved to Dec. 9, Chairman Matz to Testify 

Tuesday, December 07, 2010 10:45:00 AM
The Senate Banking Committee hearing on the "State of the Credit Union Industry" has been rescheduled until Dec. 9. NCUA Chairman Debbie Matz will be the sole witness during the hearing. The... read more
 

CUNA's Bill Hampel Speaks to NY Times on Savings Account Rates  

Monday, December 06, 2010 12:21:14 PM
NEW YORK - In a column titled "Why Savings Account Rates Are So Pathetic", CUNA's chief economist Bill Hampel explains to the New York Times (Dec. 3) why profits are low at banks and why credit union ... read more
 

Corporate CU Comment Deadline Extended 

Wednesday, December 01, 2010 11:35:31 AM
ALEXANDRIA, Va. - The due date for comments on NCUA's recently proposed amendments to its corporate credit union rules has been extended to January 28, 2011. CUNA President/CEO Bill Cheney said that ... read more
 

Pompton Lakes Reality Fair Featured in NorthJersey.com Article 

Wednesday, December 01, 2010 11:24:59 AM
An article featured on NorthJersey.com (Nov. 24) featured the Reality Fair New Jersey credit unions brought to Pompton Lakes High School on Friday, November 12th. The article titled "PLHS Freshmen... read more
 

Gentile Defends CU Tax Exemption and Other Issues in NJ Business December Issue  

Wednesday, December 01, 2010 8:57:28 AM
HIGHTSTOWN, N.J. - In response to an article previously published in New Jersey Business Magazine titled "DOBI Commissioner Considine Calls for More Lending", NJCUL President/CEO Paul Gentile wrote a ... read more
 
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