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March 1 Is HMDA Deadline
ALEXANDRIA, Va.-Credit unions have a March 1 deadline to comply with the Home Mortgage Disclosure Act (HMDA) and report any 2010 loan data. NCUA has also sent a reminder to CUs of their obligations with regulatory alert 11-RA-01. There are civil financial penalties for non-compliance, which is required of CUs with more than $39 million in assets. Those that have processed 26 or more mortgages are required to submit their applications in an automated, machine-readable form.
Rivers Is New CEO At FAMU FCU
TALLAHASSEE, Fla.-Clarence Rivers has been named president/CEO of FAMU FCU, which serves Florida A&M University. Rivers is a FAMU graduate and long-term CU employee who will have to work in part to repair the CU's image, after former CEO Eugene Telfair was sentenced to 30 months in prison for embezzling $130,000 in grant money.
Oldag Named VP At City County
FT. LAUDERDALE, Fla.-Chris Oldag, well known as a speaker at credit union conferences and for his role with the CUNA Lending Council, is moving cross country to become EVP/COO with City County Credit Union here. Oldag was most recently EVP-lending...