November 20, 2009 J. Benson Porter, chief executive officer at the $2.4 billion Addison Avenue Federal Credit Union, was elected to the board of the Federal Home Loan Bank of San Francisco earlier this week. Porter said he will begin serving his four-year term Jan. 1....
November 20, 2009 Members United Corporate Federal Credit Union today announced a nearly $150 million net loss for October 2009, split almost evenly between U.S. Central Federal Credit Union capital losses and other-than-temporary impairments....
November 19, 2009 Corporates will have to meet significant new capital requirements if the NCUA’s proposed changes to part 704 become rule....
November 19, 2009 The NCUA’s proposed prompt corrective action rules for corporates would give the regulator greater authority than it has today....
November 17, 2009 LAS VEGAS — The California and Nevada Credit Union Leagues found a positive message with which to open the trade associations’ annual meeting: what doesn’t kill us will only make us stronger....
November 17, 2009 LAS VEGAS — Serving consumers when the markets fail is the reason credit unions exist, Callahan and Associates President/CEO Chip Filson told California and Nevada Credit Union League annual meeting attendees this morning in a general session....
November 16, 2009 Owners of depleted corporate capital aren’t likely to get it back, even if loss estimates that supported the write downs were too high, according to a statement issued today from Chairman Debbie Matz....
November 16, 2009 The Association of Corporate Credit Unions asked the NCUA to reconsider its position on corporate capital write downs during a special Nov. 5 meeting that was closed to the press....
November 13, 2009 Three days of heavy rains have produced nationwide flooding and mudslides in El Salvador, displacing thousands and threatening more, including credit union members, the World Council of Credit Unions reported....
November 11, 2009 The $18 billion Western Corporate Federal Credit Union last week announced $356 million in other-than-temporary-impairment charges....
November 11, 2009 In an effort to increase credit union membership in rural Kenyan villages, the World Council of Credit Unions has introduced a laptop-anchored system that brings services directly to members....
November 09, 2009 Members of the $1.3 billion Constitution Corporate FCU now own a $2.4 million deficit that’s guaranteed by the National Credit Union Share Insurance Fund. ...
November 04, 2009 September 2009 financial reports are creating two distinct corporate credit union camps: ...
November 04, 2009 The NCUA’s final town hall meeting, a Webcast that allowed viewers to ask live questions anonymously,...
November 04, 2009 The $18 billion Western Corporate Federal Credit Union issued $1.5 billion in three-year notes last week, according to transaction information provided by the NCUA....
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