Credit unions

Military credit union group urges Congress to fund CDFIs

CDFIs, Credit unions, Politics and policy, Regulation and compliance, Treasury Department / Ricky Vasquez

Annabelle Gordon/Bloomberg Advocates for military credit unions Tuesday urged top lawmakers on a senate appropriations subcommittee to restore funding for the Community Development Financial Institutions Fund, after the White House proposed eliminating new funding. In the letter, addressed to Financial Services and General Government Subcommittee Chair Bill Hagerty, R-Tenn., and Ranking Member Jack Reed, D-R.I., […]

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NCUA’s one-member board liquidates two failed credit unions

Credit unions, Failures, Politics and policy, Trump administration / Ricky Vasquez

Frank Gargano Kyle Hauptman, the president of the National Credit Union Administration, voted to liquidate two troubled credit unions, a move that has raised procedural questions since Hauptman alone does not constitute a quorum of the NCUA board. On Tuesday, the NCUA placed Aldersgate Federal Credit Union — a $10.3-million asset credit union operated by

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