The National Credit Union Administration Friday began what it said would be periodic reporting to stakeholders on the status of the corporate credit union system.

If an accountant is willing to be flexible about when a credit union books the cost of their premium being assessed to replenish the National Credit Union Share Insurance Fund (NCUSIF), the Natoinal Credit Union Administration (NCUA) said it will be okay with that.

The National Federation of Community Development Credit Unions reiterated its decade-long opposition to extending CRA to credit unions, while backing its application to mortgage banks, securities firms, insurance companies, and other entities.

Co-sponsors of a new bill to crack down on predatory lending say H.R. 1728 is a tougher version of a bill in the last Congress designed to overhaul mortgage regulations.

Credit union response to a CUNA call to action on the on the need to spread out share insurance fund replenishment was “credit union grassroots at work,” said National Credit Union Administration (NCUA) board member Gigi Hyland Friday.

Tax increases will affect only a small portion of small business owners, Mike Schenk, senior economist for the Credit Union National Association, told Business Week.

An Oregon credit union administrator weighed in on the issue of overdraft fees in a Thursday article in The Wall Street Journal concerning the Federal Reserve’s decision about whether to reign in the fees.

As foreclosures and their consequences continue to spread across the state and the nation, the Minnesota Credit Union Network has teamed up with the Minnesota Home Ownership Center to provide credit unions access to a certified network of foreclosure counselors to help struggling members.