MADISON, Wis. (4/2/14/)--When Credit Union National Association President/CEO Bill Cheney announced he would be stepping down from his post as head of the association, and that a national search was on for his replacement, readers flocked to the News Now March 12 edition, making it the most-read story in March.
Cheney, who has been president/CEO since 2010, will become president/CEO of SchoolsFirst CU, Santa Ana, Calif. He will remain with CUNA until June.
"I take on this new role at SchoolsFirst knowing that, with the backing of the CUNA board, the state leagues, and CUNA staff, we have accomplished much. However, the work will continue without interruption," Cheney said in a statement (News Now March 12).
Added Cheney: "Protection of our tax exemption, pursuit of regulatory relief, enhancing the charter and working toward achievement of a shared strategic vision--among other key issues--must proceed, with guidance from our board, partnership with the leagues and efforts of our talented, professional staff."
The complete Top 10 list for March includes:
WASHINGTON (3/19/14)--The Federal Open Market Committee will take "a balanced approach" and update its forward guidance as it looks toward keeping the interest rate at 0% to 0.25%, it announced after today's meeting.
ALEXANDRIA, Va. (3/3/14)--The National Credit Union Administration has banned four former credit union employees from participating in the affairs of any federally insured financial institution.
WASHINGTON (3/5/14)--CUNA today made sure that every lawmaker on Capitol Hill got this message: America's credit unions spend millions of dollars--without skipping a beat--to protect consumers from merchant data breaches by re-issuing cards, monitoring accounts and reimbursing customers for fraud.
WASHINGTON (3/4/14)--Credit unions and the preservation of their tax status were highlighted Monday within the first 23 words of a 1,000-word Bloomberg article on Rep. Dave Camp's (R-Mich.) unveiling of his draft tax code reforms last week. And CUNA executive John Magill was quoted underscoring the importance of the "big, big win" for CUNA, the state credit union associations, credit unions and credit union members.
WASHINGTON (3/25/14)--The National Credit Union Administration assured CUNA that member business lending (MBL) is prominently on its radar for this year. Calling a recent CUNA letter on the issue "timely," NCUA Chairman Debbie Matz said the agency intends to carefully review several MBL issues that have come to its attention.
WASHINGTON (3/19/14)--Tuesday's announcement that the upper end of projected corporate stabilization assessments declined by $2.2 billion between July and December 2013 "reaffirms the good news credit unions received last fall," CUNA Chief Economist Bill Hampel said.
WASHINGTON (3/24/14)--Calling it "truly a victory for credit unions and a rebuke to the merchants," CUNA welcomed a federal appeals court ruling Friday that upheld the Federal Reserve's debit interchange regulation.
WASHINGTON (3/20/14)--Al Lewis, who writes columns for The Wall Street Journal Sunday and MarketWatch, is watching big banks' reaction to Rep. Dave Camp's (R-Mich.) draft proposal for tax code reforms and does not seem amused.
WASHINGTON (3/21/14)--U.S. Court of Appeals for the District of Columbia Circuit Judges David Tatel, Harry Edwards, and Stephen Williams ruled today to overturn a lower court that supported merchants' arguments in the ongoing debit interchange fee cap case known as NACS, et al. v. Board of Governors of the Federal Reserve System.
WASHINGTON (3/12/14)--A national search for a new president/CEO of CUNA will be launched immediately, the association's chairman said, to find a successor to Bill Cheney, who is returning to California in June to be president and CEO of SchoolsFirst FCU in Santa Ana.