Erly joined the $732 million credit union's board in 1970 and was treasurer for the past 15 years.
Sunsetting operating system leaves behind perhaps the biggest threat: Vulnerable end-user computers used for online banking.
New information shows that the threat was identified, but was not considered large enough to warrant immediate response,
Enactment of the Credit Union Residential Loan Parity Act (H.R. 4226) would enable credit unions to better meet the needs of their members and also would contribute to the availability of affordable rental housing, CUNA President/CEO Bill Cheney wrote in a letter of support for the newly introduced bill.2014-03-17T00:00:00-05:002014-03-17T09:48:02Z
Voting 55-0, the House Financial Services Committee passed a bill Friday to broaden credit unions' ability to apply for Federal Home Loan Bank membership. The bill was one of three passed over two days, all strongly supported by CUNA, that--when they become law--will potentially provide relief for credit unions from their regulatory burden.2014-03-17T00:00:00-05:002014-03-17T09:48:02Z
Legislation that would grant credit unions and other lenders greater input into rural-area designations made by the Consumer Financial Protection Bureau has moved on to the full U.S. House after it was approved by the financial services committee late last week.2014-03-17T00:00:00-05:002014-03-17T09:48:02Z
There is still time to register for this week's webinar on the National Credit Union Administration's risk-based capital proposal, CUNA reminds. The session is entitled "NCUA's Risk-based Capital Rule: Can it be fixed?"2014-03-17T00:00:00-05:002014-03-17T09:48:02Z
Legislation that would curb patent troll abuses will be discussed during a March 27 Senate Judiciary Committee executive business meeting, the committee chairman, Sen. Pat Leahy (D-Vt.), announced last week.2014-03-17T00:00:00-05:002014-03-17T09:48:02Z
California and Nevada credit unions may want to focus on real estate lending--particularly home equity lines of credit--given the positive outlook for housing, according to the chief economist for the California and Nevada Credit Union Leagues.2014-03-17T00:00:00-05:002014-03-17T09:48:02Z
Legislation has been introduced into the Delaware General Assembly that, while appearing to be consumer-friendly, has the potential to have unintended consequences that could negatively affect Delaware's credit unions, the Delaware Credit Union League said.2014-03-17T00:00:00-05:002014-03-17T09:48:02Z
To achieve lasting success, credit union marketers and business developers must be more than good. They need to be "rock star" good, business performance expert Ryan Estis told CUNA Marketing & Business Development Council Conference attendees last week in Orlando, Fla.2014-03-17T00:00:00-05:002014-03-17T09:48:02Z
The Federal Deposit Insurance Corp. has taken action against 16 of the world's biggest banks, alleging they manipulated the London interbank offered rate--or LIBOR, several outlets reported last week.2014-03-17T00:00:00-05:002014-03-17T09:48:02Z
Members claim four employees at the $608M credit union, including the CEO and COO, committed loan fraud to avoid overexposure to one member.
Denver-area corporate did not reveal if new members paid in capital to join.
Bill that would prevent patent abuse will be considered by the Senate Judiciary Committee on March 27.
Read about this week's credit union industry career moves.
The NCUA approved only about half as many mergers in January as it did two years earlier.
Purchase mortgages are down 15% from MBA forecasts, but this winter's inclement weather is at least partly to blame.
National Credit Union Administration board member nominee J. Mark McWatters said at his confirmation hearing Thursday that a risk-based capital approach "makes sense" for credit unions, but warned the "devil is in the details" of any proposal.2014-03-14T00:00:00-05:002014-03-14T09:58:20Z
Credit unions and their members continue to contact federal lawmakers about preserving the credit union tax status--and this time it was to thank House Ways and Means Committee members for not touching credit unions in the committee's draft tax code reforms.2014-03-14T00:00:00-05:002014-03-14T09:58:20Z