ALEXANDRIA, Va. — NCUA Board Member Rick Metsger: " I don’t see it being wise to say we’re going to hire a bunch of people to go look at everyone’s books."
Measure would allow credit unions to utilize uninsured, non-share accounts to supplement capital.
Agency says at monthly meeting that four first-quarter liquidations have cost $75,000 in associated losses.
A combination of growth in assets and a decrease in the overhead transfer rate means an 0.24% increase to the NCUA’s 2013 operating fee scale for federal credit unions with more than $1 million in assets, according to a Letter to Federal Credit Unions posted on the regulator’s website.
The creeping economic recovery has pushed credit unions to think more creatively to generate new revenues and efficiencies. A story we posted referring to Kern Schools Federal Credit Union last year drew an angry comment from a member recently.
After the Berlin Wall came down, Congress decided to cash in the peace dividend and began closing military bases. One of the bases that closed was our primary sponsor, McClellan Air Force Base. We decided to convert to a community field of membership
Agency says operating fee invoice showing 0.24% increase expectable in March.
Creative thinking at Kern Schools FCU, NCUA dual chartering issue and social media are covered in this week's column by Editor/Publisher Sarah Snell Cooke.
Agency invites credit unions to embed video on their own websites to educate members on NCUSIF deposit protection.
SECU's Jim Blaine says publish, credit union lawyer Richard Garabedian says no. Audience says CAMEL itself's the problem.