SAN FRANCISCO — A sluggish economy has caused the NCUA to undertake several initiatives to ensure the safety and soundness of the industry, a board member says.
I read, with interest, Henry Wirz’s letter in the May 11 issue, “Capital Plan Is a Bust.” First, for clarification, the white paper was not “recently released.” It was released on April 12, 2010. Second, the white paper was released under my and my working group’s authorship.
Although government work isn’t always lucrative, 25 NCUA employees make more than $201,000 annually, according to agency records.
Having just returned from NACUSO’s 2011 Annual Conference in Las Vegas, I thought it would be appropriate to share some perspective on current issues and trends that will impact your credit union and its ability to survive and thrive.
LAS VEGAS — The common thread running through some of the credit unions that have recently experienced significant lending and operational troubles was the connection those losses had to their CUSO relationships.
LAS VEGAS — The NCUA said Wednesday it wants to do all it can to keep an S&L-like crisis from occurring within the credit union industry.
LAS VEGAS — NCUA Board Member Gigi Hyland said Wednesday the agency needs more authority in dealing with CUSOs to help prevent credit union failures.
WASHINGTON — Comparing her agency to a police officer that prevents bad drivers from hurting good ones, NCUA Chairman Debbie Matz said the agency's strong enforcement saved the insurance fund about $1.5 billion.