A Nov. 1 Inspector General report said NCUA divisions reported different estimated share insurance fund loss amounts for all six purchase and assumption agreements completed during a 2012 review period.
New report cites variances in liquidation, P&A losses, and from reporting offices within agency.
Trade group meets with new NCUA Board member to explain position on proposed CUSO rule changes.
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.