ARLINGTON, Va. — A U.S. Treasury official who spoke at a symposium on credit union cybersecurity reiterated that credit unions should be doing more to defend their operations against attacks.
Stabilization Fund and other obligations must be paid before regulator can pay credit unions.
It’s not wise to put faith in one credit union over another.
Half use the funds to launch a new product or service, the NCUA says.
The 84 credit unions that face fines for late call reports can sign a consent form and pay fines. Or, they can fight them and pay dearly.
Eighty-four credit unions face fines up to $106K for late call reports. Fighting the NCUA could cost them.
Loan funds win the majority of community development grant monies, not credit unions.
DETROIT – A new report says CDFI credit unions compare favorably to mainstream ones in key metrics.
The credit unions didn't file required reports with the U.S. Treasury.
One young CEO says he first heard about the problem from CU Times.