As credit unions wait with bated breath for a Senate vote on raising the MBL cap, the chamber will likely first address changes to the United States Postal Service that could impact credit union budgets and compliance.
Credit rater's article follows ABA script.
Lawmakers back in Washington after two-week recess.
Possible Fannie Mae, Freddie Mac write-downs could in fact help credit unions by forcing losses onto holders of first liens.
CUNA says credit unions lobbying for member business lending cap hike to congressmen home on break.
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.).
The trade association estimates that total membership at credit unions had a net increase of 1.9 million members in 2011.
This online only article accompanies the comprehensive looks at the year gone by in the Dec. 21 Year-in-Review print edition of Credit Union Times.
And then there were 16. That is the current count of corporate credit unions, after a year where all the institutions faced an Oct. 20 NCUA deadline to qualify as “adequately capitalized” per the regulator’s calculus.
Blame it on the survey and those who responded to it. That’s CUNA’s explanation of why its original estimate that credit unions had a net increase of 650,000 members in October was off by about 400,000.