During the Governmental Affairs Conference, Chip Filson announced his intention to seek an NCUA Board seat, which was the culmination of speeches and online postings criticizing the NCUA’s activities throughout the financial and corporate crises. He has launched a petition designed to force President Obama to consider him as a...
Callahan & Associates Chairman Chip Filson said he questions a nearly $2 billion reduction in the NCUA’s Central Liquidity Facility stock reported in October when U.S. Central Bridge was liquidated. Filson also posted a blistering Feb. 28 opinion piece on the Callahan website questioning the NCUA’s financial transparency on the...
Callahan chair's bid for reform in NCUA Board appointment process not necessarily change to embrace.
Federal Home Loan Bank working with NCUA to draft a Memorandum of Understanding that would define the banks’ role in providing liquidity.
Sessions focus on proposed liquidity rule, changes to CLF and the Low-Income Credit Union eligibility initiative.
The webinar is scheduled for 2 p.m. EDT on Tuesday and credit unions can register for the free event on the NCUA’s website.
The 2012 Temporary Corporate Credit Union Stabilization Fund assessment of 9.5 basis points of insured shares will reduce annualized return on average assets for federally insured credit unions an estimated 8 basis points industry wide, to 0.81%, the NCUA said during its monthly board meeting July 24.
ALEXANDRIA, Va. — NCUA insurance chief tells board that failed corporate's formal demise will end CLF borrowing ability for 6,000 credit unions.
Central Liquidity Facility. It sounds like a conveniently located swimming pool for bureaucrats. It is not that, but what it is is misunderstood–even inside the credit union industry–and right now a debate is starting about the CLF’s role as the industry restructures.
KPMG gave the NCUA an unqualified audit but found material weaknesses in the reporting and documentation methods.