Merged New York CU Causes Share Insurance Fund Loss, OIG Report Shows

Branch 6000 CU, undercapitalized since 2020, was merged into Consumers FCU with cash assistance in Q3.

By Peter Strozniak | December 11, 2023 at 03:06 PM

A New York credit union that was consolidated earlier this year because of its poor financial condition caused an estimated loss of $163,600 to the Share Insurance Fund, according to the NCUA's Office of Inspector General's Semiannual Report to the Congress.

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Group: Let Credit Unions Reimburse Board Members for Childcare

By Jim DuPlessis | May 07, 2024

America's Credit Unions sends a four-page letter asking the NCUA board to reverse a rule set in 1992.

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CUs Designated as Public Depositories After Bill Signed by Florida Governor

By Michael Ogden | May 02, 2024

Officials call this a "transformative step" enabling credit unions to conduct new business in the state.

CUs Designated as Public Depositories After Bill Signed by Florida Governor

Shared Accounts With CU Times: Questioning the Merger Approval Process

By Michael Ogden | April 26, 2024

Louisiana Corporate Credit Union CEO David Savoie shares why more transparency is needed in the months leading up to a credit union merger.

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