ALEXANDRIA, Va. — In what was arguably the most important meeting of the year, the NCUA board approved a 6.7% in the 2014 operating budget, no projected corporate assessment for 2014 and a final CUSO rule. All items on the agenda received yes votes of approval from all three board...
The corporate assessment era is over.
Citing the timing of cash flows, NCUA Director of Examination and Insurance Larry Fazio answered critics who have questioned the need for future corporate assessments in comments released to the press Aug. 14.
Letter to Credit Unions says agency will charge 2014 assessment and notes details about 2013 tab.
Filson-founded Co-Ops for Change aims to marshal help from industry executives to check legacy asset tallies by CUSIP numbers.
CUNA economist sees possible accounting problems should the NCUA rebate extra money after corporate losses are repaid.
Notes payoff called important milestone in efforts to resolve the failure of five corporates.
The reduced corporate bill is the result of legacy asset performance and the macroeconomic factors used to project their future performance, the NCUA said in a release.
NAFCU president says he's disconcerted that $40 million of $170 million recovered from investment banks went to lawyers.
Topics include economy, FSOC annual report and corporate assessments.