NCUSIF

• Improving CAMEL Scores Prompt Reduction of SIF Reserves: Onsite Coverage

  By Heather Anderson  |  October 18, 2012

  ALEXANDRIA, Va. — The NCUSIF was hit with $147.2 million in insurance losses during the third quarter, the NCUA Board learned at Thursday’s board meeting.

• NCUA Seizes Trinity Assets

  By Zachary Galasi  |  July 27, 2012

  NCUA steps in following reports indicating dismal financial conditions at Trinity CU.

• FDIC Report: Assessments Won’t Drop Until Mid-2018

  By Heather Anderson  |  April 25, 2012

  Credit unions that converted to a bank charter to escape NCUSIF assessments may be disappointed by an FDIC report presented to its Board of Directors this week.

• Supplementing the Supplemental Capital Effort

  By Sarah Snell Cooke  |  March 25, 2012

  Over the last couple of years, a small coalition of credit unions has built up the background and the foot soldiers to help maneuver supplemental capital legislation through Congress.

• NCUSIF Beats 2011 Projections: NCUA Board

  By David Morrison  |  March 15, 2012

  Fewer losses, portfolio growth and a decline in at-risk credit unions allows transfer of $278.6 million to Temporary Corporate Credit Union Stabilization Fund.

• Editor’s Column: Just Give ’Em What They Want

  By Sarah Snell Cooke  |  February 26, 2012

  Two billion-dollar credit unions are currently seeking to convert to a bank charter. Another, HAR-CO Maryland FCU with a not-insignificant $193 million in assets, is also seeking a conversion. These credit unions, if successful, will necessarily leave the credit union trade associations and the NCUSIF.

• Church Charges NCUA Advised CU Members to Maximize NCUSIF Payout

  By David Morrison  |  February 23, 2012

  A church seeking to recover lost money is alleging that NCUA staff acted unscrupulously.

• CUNA Urges NCUA to Withdraw Proposed Rule On Loan Participations

  By David Morrison  |  February 21, 2012

  The NCUA's proposed cap and limit on credit union purchase of loan participations would hurt credit unions' abilities to lend and effectively minimize their ability to limit risk.

• Supplemental Capital Bill Introduced

  By Claude R. Marx  |  February 20, 2012

  Credit unions could accept supplemental capital that wouldn’t be insured by NCUSIF and would be subordinated to other claims, according to provisions of a bill introduced by Rep. Peter King (R-N.Y.) and Rep. Brad Sherman (D-Calif.).

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  Exam Bill Reveals Split Between NCUA and CU Execs

  By Claude R. Marx  |  February 5, 2012

  While industry representatives said new legislation on financial institution exams is sorely needed, an NCUA executive more than begged to differ.