Sarah Cooke

Usage Fees Are Not a Strange Idea: Editor/Publisher's Column

cutimes.com — The NCUA's recent proposal that credit unions pay the federal regulator a fee to oversee the derivatives program has raised complaints among credit unions. NAFCU immediately fired off a statement supporting credit unions' entry into derivatives, but blasting the fee as setting bad precedent because the $250 million threshold would divide the industry, and the fee itself would create a barrier to credit unions' use of derivatives.

Arrowhead Emerges from Conservatorship

cutimes.com — The NCUA said Friday it has released the $755 million Arrowhead Central Credit Union from conservatorship after nearly three years, marking the first time a credit union has done so since 2007. A 10-person NCUA-recruited advisory board is now serving as the San Bernardino, Calif., credit union's new Board of Directors and Supervisory Committee.

Oklahoma Tornado: More Out-of-State CU Contributions for Moore

cutimes.com — Credit unions and foundations across the country continue to rally behind the credit unions, their employees, members and families who have been affected by the tornado disaster that struck the city of Moore, Okla., earlier this week.

Credit Union Times Editorial Cartoons: Slide Show

cutimes.com — Credit Union Times, Jan. 25, 2012 Credit Union Times, Aug. 31, 2011 Credit Union Times, Aug. 24, 2011 Credit Union Times, Aug. 17, 2011 Credit Union Times, Aug. 10, 2011 Credit Union Times, Aug.

CUNA, NAFCU Dispute Fed Finding That Interchange Income Unchanged for Exempt Shops

cutimes.com — Credit union trade associations are disputing the results of a Federal Reserve report that found debit interchange income hasn't decreased for institutions with fewer than $10 billion in assets since the Durbin amendment exempted them from caps mandated by the Dodd-Frank Act.

Usage Fees Are Not a Strange Idea: Editor/Publisher's Column

cutimes.com — The NCUA's recent proposal that credit unions pay the federal regulator a fee to oversee the derivatives program has raised complaints among credit unions. NAFCU immediately fired off a statement supporting credit unions' entry into derivatives, but blasting the fee as setting bad precedent because the $250 million threshold would divide the industry, and the fee itself would create a barrier to credit unions' use of derivatives.

CFE Wins Naming Rights to University of Central Florida Arena

cutimes.com — The $1.4 billion CFE Federal Credit Union in Lake Mary, Fla., said it has signed a seven-year, $3.95 million deal to purchase the naming rights of the 10,000-seat UCF Arena, which has been renamed CFE Arena. Since 2007 when it opened, the arena has hosted University of Central Florida men's and women's basketball games, concerts, UCF and high school commencement ceremonies and other events.

NASCUS and CFPB Sign State-Chartered CU Exam MOU

cutimes.com — The Consumer Financial Protection Bureau and NASCUS have signed a memorandum of understanding to build on the foundation of state and CFPB coordination and cooperation for the supervision of state-chartered credit unions. Specifically, NASCUS said in a release, the two will continue to endeavor to promote consistent examination procedures and effective enforcement of state and federal consumer laws and to minimize regulatory burden on state credit unions.