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Tag Archives: National Credit Union Administration

Bankers urge Congress to halt easing of credit union business loan rules

  By TED CARTER  The National Credit Union Administration is usurping Congress in its proposal to loosen restrictions on credit union business lending, the nation’s two major banking advocacy organizations say. Banks and the tax-exempt credit union industry have decades of strife behind them. But after the banking crisis of the last decade and the stringent regulations that followed it, ...

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Credit union regulator moving to ease business lending rules

By TED CARTER Lawyers for the credit union industry say the National Credit Union Administration’s proposal to loosen business lending rules for the industry amount to a deserved removal of its training wheels. Bankers, to the surprise of no one, including the membership of the Mississippi Bankers Association, are not happy. They see the proposals as an encouragement for reckless lending ...

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NCUA gives approval for new credit union charter

MCCOMB — The National Credit Union Administration has approved a charter for First Unity Federal Credit Union of McComb. NCUA board chairman Debbie Matz said in a news release yesterday that First Unity will primarily serve people in Pike, Walthall and Amite counties in southwest Mississippi. The three counties had a population of 68,978 in the 2010 census. Matz says ...

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Keesler Credit Union gaining stake in Jackson with MDOT CU acquisition

Keesler Federal Credit Union, a $2.1 billion Biloxi-based member institution, has set the stage for entry into the metro Jackson market with acquisition of the $4.8 million Mississippi Department of Transportation Federal Credit Union. The deal closed March 31. Convergence of the operations is to be completed by June 30. Both non-profit entities were among Mississippi’s earliest credit unions, with ...

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Credit union regulators weigh next step for failed Valued Members

By Ted Carter National Credit Union Administration regulators who took over troubled Valued Members Federal Credit Union’s Jackson, Canton and Lena locations Wednesday say they hope the $9 million institution can be returned to the control of its members. The alternative is to arrange a transfer of the assets of the 2,030-member credit union to another credit union willing to ...

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