The confirmation of presumptive National Credit Union Administration (NCUA) agency head Deborah Matz on Tuesday was temporarily postponed after the Senate Banking Committee could not reach the number of members needed to form a quorum.

The House Financial Services Committee on Tuesday added an amendment that would take most credit unions out from under part of its executive compensation bill by exempting financial institutions with less than $1 billion in total assets from portions aimed at curbing some incentive-based compensation structures.

Barry Jolette, president/CEO of San Mateo CU in Redwood City, Calif., has been named chair of the World Council of Credit Unions.

The number of credit union branches in schools is growing, and will likely increase as the recession continues, according to a Pennsylvania newspaper.

Four credit union officials will be inducted into the Credit Union Association of New York’s Hall of Fame Aug 5. Hall of Fame inductees are individuals who have had a significant impact on credit unions at the local, state or national level, and have dedicated their lives to the philosophy and success of the credit union movement.

Comments must be submitted to the National Credit Union Administration (NCUA) by August 24 on a proposed clarification addressing the National Credit Union Share Insurance Fund (NCUSIF) premium and a one percent deposit.

About 1.6 million of the 14.4 million nonprime loans written from 2000 to 2007 completed the foreclosure process by March 31 of this year, according to a Government Accountability Office (GAO) study released Tuesday.

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