Links in “Credit Unions”

Across the board, salaries and bonuses for credit union executives are increasing. How does your experience at your credit union measure up with this trend? [8/27/14]

Last year Twitter implemented a rule that restricted how financial institutions could promote themselves on the site. However, it now appears that its enforcement of that rule has been relaxed as the number of “promoted posts” appears to be increasing. Credit unions remain skeptical. [8/27/14]

Under the initiative, announced by Pres. Obama at the American Legion's national convention, mortgage servicers will actively seek out military members eligible for lower-cost refinancing rather than waiting for them to apply. [8/27/14]

While the Fed proposed to repeal Reg. AA, the federal banking agencies have issued guidance on unfair or deceptive credit practices. The agencies are quick to point out that the repeal of Reg. AA should not be seen as a signal that deceptive credit practices it prohibited are now permissible. This move is more of a changing of the guard. [8/27/14]

Financial institutions are subject to a myriad of good ideas that range from what the industry calls “best practices” to full-blown regulatory requirements. AffirmX's Jane Pannier describes the proposed changes to customer due diligence that will potentially transition it from guidelines to law. [8/26/14]

Boards of Directors can represent risk to the entity that they govern. This article explores how you can develop a risk assessment of your board’s governing activities. [8/26/14]

Mark McWatters is scheduled to be sworn in today for a seat on the NCUA Board. Outgoing board member Michael Fryzel will be delivering the oath of office. [8/26/14]

Seventy-five credit unions face potential civil money penalties for missing the filing deadline for their 2^nd quarter 5300 Call Reports. Four of the late filers were also late filers on their 1^st quarter report. NCUA will consider mitigating circumstances that could warrant a waiver of the fee and notify credit unions in September of the amount of individual penalties. [8/26/14]

Several recent studies seem to indicate that mobile banking use may have plateaued. The primary reason cited by those who have not adopted mobile banking is concern over security. [8/25/14]

NCUA has issued a cease and desist order against David Addison, who was CEO of Texans CU from 2003 to 2009. Addison consented to the order, without admitting fault, that involved allegations that he was grossly negligent in running the credit union. In particular, the allegations cited his decision to engage in what the agency claimed to be high-risk and unstable business and investment strategies. [8/25/14]