National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood addressed the COSO Enterprise Risk Management Conference to help demonstrate to credit union executives and regulators the importance of identifying the risks associated with their strategic initiatives and the necessity to manage those risks to enhance the performance of their credit unions.

This is an opinion of the NCUA Office of the General Counsel addressing NCUA Share Insurance Coverage for Irrevocable Trust Accounts and Inherited Individual Retirement Accounts

This is an opinion of the NCUA Office of the General Counsel addressing Preemption of Virginia Abandoned Property Provision

National Credit Union Administration (NCUA) Board Member Gigi Hyland announced that registration is now open for the next Outreach Task Force “Town Hall” meeting top be held in New Orleans, LA on Wednesday, June 6.

April 22 through April 28, 2007 has been recognized as “Small Business Week” by President George W. Bush. National Credit Union Administration (NCUA) Chairman JoAnn Johnson has issued the following statement:

Websense® Security Labs™ has received reports of a phishing attack that targets customers of St. George Bank. Users receive a spoofed email message requesting that they review their account details as part of a security update. The email provides a link to a phishing site which attempts to collect personal and account information.

This phishing site is hosted in Australia and was up at the time of this alert.

Phishing email text:

Dear customers.
Your privacy and security are important to us as they are to you. St.George Bank is improving security technology on SSL to ensure that your personal information and confidential transactions remain safe, secure and private.
Click on the link below and review your account details for security update.
< URL REMOVED >

Phishing screenshot #1:

Phishing screenshot #2:

National Credit Union Administration (NCUA) Board Member Gigi Hyland addressed both the Ohio and Delaware Credit Union League annual meetings last week. During her speeches, Board Member Hyland told both audiences that her view of credit unions aligns with member-centricity—that credit union members should be the focus around which all of a credit union’s efforts should revolve.

National Credit Union Administration (NCUA) Board Member Gigi Hyland hosted the first two of six Outreach Task Force Meetings last week in Cincinnati, OH and Boston, MA.

This is an opinion of the NCUA Office of the General Counsel addressing NCUA Insurance Coverage for Health Savings Accounts

National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood delivered the keynote address at the 7th Annual Participation & Business Lending Symposium, hosted by WesCorp and Business Partners LLC in Scottsdale, AZ.