SAFE Credit Union Strikes Gold with New Sacramento Deal

The Golden State just got a lot more golden for a longtime Sacramento-based credit union. SAFE Credit Union has signed a $23 million deal with the city of Sacramento that includes a major boost to the...

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Former CEO of Melrose, Failed Taxi Medallion Credit Union, Charged with Bribery by FBI (*Not the NCUA*)

The NCUA (National Credit Union Administration) has failed members and taxpayers yet again (we know we’re starting to sound like a broken record, but someone needs to call it out). Alan Kaufman, CEO o...

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NYC Mayor de Blasio Adds Insults to Injuries in Yet Another NCUA Investigation

Another scathing report regarding the National Credit Union Administration (NCUA’s) role in the taxi medallion debacle has been released – this time by none other than New York City’s own Mayor Bill d...

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New Research Shows Credit Unions are Failing – CU Leadership Continues to Point the Finger Elsewhere

Federal Financial Analytics and acclaimed researcher Karen Shaw Petrou earlier this month released a new report titled “The Credit-Union Equality Commitment: An Analytical Assessment.” This report ana...

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Taxis waiting in line at the airport

Credit Union Times: Taxi Fallout Tests CU’s Reputation

By David Baumann Credit unions like to paint bankers as greedy – working for their shareholders rather than their customers. Credit union leaders, they have said, are more benevolent – working ...

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Introducing the NCUA Board Meeting’s Saving Grace, Todd Harper

A surprise hero has emerged from a recent NCUA Board Meeting as the new voice of reason: Board Member Todd Harper. On Thursday, June 20, NCUA held its monthly board meeting- this time to discuss yet a...

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Five Times NCUA Didn’t Do Its Job Over the Last Year

NCUA Chairman Rodney Hood recently sat down with the Cato Institute to discuss financial regulation and inclusion. Throughout the fireside chat, it became clear that Chairman Hood has set forth on a p...

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Credit Unions’ Acquisitions of Banks in 2019

According to an advisor who specializes in credit union acquisitions of banks (yes, they’ve become so common that someone can now build an impressive career in overseeing them), a “magic moment” of cr...

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Sen. Schumer Criticizes NCUA and Demands Improvements in Oversight

NCUA is finally on the hot seat, and it’s more than well-deserved. Senate Minority Leader Charles Schumer (D-NY) has taken notice of recent negative reports regarding the major lack of oversight at NC...

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NCUA’s Reckless Cybersecurity Standards Put Members at Risk

And the hits keep coming for the credit union industry regulator. Turns out the NCUA Inspector General has had a very busy couple of years. Shortly after the release of its 2018 Material Loss Review, ...

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