Five years ago today, the NCUA seized three corporates and took its final steps to resolve the corporate crisis.
Wait long enough and history will repeat itself.
Reducing deposit fraud cases is an important goal at any credit union. At University Federal Credit Union, one incident in particular triggered the need for a new solution that would allow it to take a preventative approach against this common form of fraud.
Of the five corporates that have posted unaudited December and year-end figures, three reported net losses and two net profits. However, all are anticipating better bottom lines than those recorded in 2008.
he NCUA Board's proposed corporate credit union regulations are most notable for what they do not do.