Former NCUA Board member, CUNA, corporate exec succeeds retired Bucky Sebastian.
Former Oregon senator to go before Senate Banking Committee next Thursday.
NAFCU says hearing next week; Senate Banking Committee spokesman says no date to report.
ALM First Financial Advisors has closely followed the NCUA’s efforts to develop an appropriate rule for credit unions’ use of derivatives as a hedging tool. We support the use of derivatives within the credit union industry as instruments for effectively managing interest rate risk.
The NCUA’s recent proposal that credit unions pay the federal regulator a fee to oversee the derivatives program has raised complaints among credit unions. NAFCU immediately fired off a statement supporting credit unions’ entry into derivatives, but blasting the fee as setting bad precedent because the $250 million threshold would...
Rick Metsger, a former Oregon state senator who has sponsored credit union legislation and once served on a credit union board, was nominated by President Barack Obama May 15 to serve on the NCUA Board.
Last week Credit Union Times, via CUTimes.com, broke the story that former Oregon Senator Rick Metsger was going to the be the White House’s nominee to fill the vacant seat on the NCUA Board, later confirmed by the administration.
ALEXANDRIA, Va. — Proposed fee could offset as much as 87% of all costs to implement expanded derivative authority through 2014.
ALEXANDRIA, Va. — A final derivatives rule could cost the agency as much as $16 million over three years.
If recent history is any indicator, nomination to the NCUA Board is no assurance of joining the NCUA Board, at least not quickly.