In a vote of 52-17, the House Financial Services Committee adopted an amendment to H.R. 3996, the Financial Stability Improvement Act of 2009, which would, in effect, exclude all credit unions from having to contribute to a stabilization resolution fund for systemically risky institutions.

The total 2010 budget for the National Credit Union Administration will be $200,923,512, an increase of 13% over the 2009 budget, the board reported during its monthly meeting held Thursday.

The National Credit Union Administration on Thursday approved proposed new rules for corporate credit unions that would amend Part 704 of the NCUA’s rules, adjusting the current corporate capital requirements by replacing the current 4% minimum total capital ratio with a 4% minimum leverage ratio, a 4% tier one risk-based capital ratio, and an 8% total risk-based capital ratio.

A U.S. Government Accountability Office report on the impact of interchange fees, released on Thursday, “further underscores why Congress must protect the interests of consumers and oppose harmful interchange legislation,” Credit Union National Association President/CEO Dan Mica said.

The national firm of Russell Reynolds Associates has been selected to conduct the search for a successor to CUNA CEO Dan Mica, who has announced plans to step down in January 2011.

The Social Investment Forum,the national nonprofit membership association for the socially responsible investment industry, has announced that Clifford N. Rosenthal, president/CEO of the National Federation of Community Development Credit Unions has been elected to serve on its board of directors, along with two other new members.

It’s been a decade since the first joint consumer survey on holiday spending was executed by Consumer Federation of America and the CUNA, and this year’s outcome promise to be interesting when released Monday.

Sunday’s H&FF Radio program provides information about tax credits for home improvements, new income tax deductions and credits for 2009, holiday budget ideas, and holiday spending projections.