corporate rescue

• NCUA Scores $165 Million Securities Settlement with Bank of America

  By Heather Anderson  |  April 2, 2013

  Corporate collapse settlement totals now top $335 million, agency says. Lawyers to get $84 million. Corporate rescue assessment to be determined.

• Becker: Reduced Loss Estimates Should Mean Lower Corporate Assessment

  By Heather Anderson  |  March 29, 2013

  NAFCU president responds to NCUA announcement by reiterating agency's need to help credit unions lower expenses.

• NCUA: Estimated Future Corporate Assessments Less Than $4 Billion

  By Heather Anderson  |  March 28, 2013

  Agency says reduction in 2013 corporate assessment not in the offing but have passed the halfway point in overall payback.

• NCUA: Corporate Stabilization Fund Receives Clean 2012 Audit

  By Heather Anderson  |  March 27, 2013

  Board chair says audit shows agency is fulfilling its financial reporting responsibilities, will soon update system resolution costs.

• NCUA Names JeanMarie Komyathy to Director of Risk Management Post

  By Marc Rapport  |  August 8, 2012

  Veteran examiner assumes her new duties on Sept. 3 and succeeds Tim Segerson, who earlier this year became deputy director of E&I.

• Onsite Coverage: NCUA Announces New Exam Office for Corporates and $10B-Plus CUs

  By Heather Anderson  |  July 26, 2012

  NASHVILLE, Tenn. — Effective Jan. 1, NCUA’s Office of Corporate Credit Unions will reorganize into a new Office of National Examinations and Supervision.

• Onsite Coverage: NCUA Board Approves Two Proposed Rules and 9.5 BP Assessment

  By Heather Anderson  |  July 24, 2012

  ALEXANDRIA, Va. – Federally insured credit unions have two new proposed rules to consider, new corporate assessment after the NCUA Board met Tuesday.

• Assessments: NCUA Predicts 8 to 10 Basis Points

  By Claude R. Marx  |  November 13, 2011

  Credit unions should set aside between 8 and 11 basis points for next year’s assessment to pay for the corporate credit union rescue, NCUA Chairman Debbie Matz advised last week.

• NCUSIF’s Equity Better, But Too Soon to Party

  By Claude R. Marx  |  October 3, 2011

  While the NCUSIF’s equity ratio is headed in the right direction, it’s not clear how much it will benefit the bottom line of credit unions.

• NCUSIF Perks Up, NCUA Eyes Possible Assessment Drop

  By Claude R. Marx  |  September 25, 2011

  ALEXANDRIA, Va. — If current financial trends continue, the NCUSIF's equity ratio will likely end the year at between 1.28% and 1.32%, which could mean a lower assessment to pay for the corporate credit union rescue, NCUA Chief Financial Officer Mary Ann Woodson told the agency's board last Thursday.