Corporate Stabilization Fund

• GAO Verifies NCUA’s Legacy Asset Loss Estimates

  By Heather Anderson  |  May 21, 2012

  Government Accountability Office verifies NCUA’s projected loss estimates for corporate credit union legacy assets, says agency met its recommendations.

• NCUA Applauds GAO Report

  By Robert McGarvey  |  January 9, 2012

  The U.S. Government Accountability Office on Wednesday issued its report on corporate credit unions and the NCUA. And the report’s title tells the story: “Earlier Actions Are Needed to Better Address Troubled Credit Unions.”

• NCUA Sets Oct. 3 for U.S. Central Bidders Meeting

  By Robert McGarvey  |  September 23, 2011

  The NCUA said Friday it will hold a meeting of potential bidders for U.S. Central Bridge Corporate on Oct. 3, probably in the Kansas City, Mo., area.

• United Resources RIP?

  By Robert McGarvey  |  August 11, 2011

  United Resources, the remnants of Western Bridge, is not expected to make it, multiple sources have said.

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  Assessment Prepayment Plan Gets Tepid Support

  By Arthur D. Postal  |  July 3, 2011

  Credit unions and their trade groups appear to be voicing support for the NCUA plan to allow credit unions to prepay some of the cost of the bailout of corporate credit unions.

• Onsite Coverage: NCUA Board Approves Modified Corporate Prepayment Plan

  By Arthur D. Postal  |  June 29, 2011

  ALEXANDRIA, Va. — Corporate rescue plan revamped after industry concerns; increases maximum participation amount and raises aggregate total to go forward.

• GAO Report Will Look Into NCUA's Corporate Actions

  By Claude R. Marx  |  January 19, 2011

  Congress hasn't scrutinized the NCUA's handling of the problems at corporate credit unions very much.

• CUNA Projects NCUA Assessments Totaling 90.4 BPs Through 2021

  By Claude R. Marx  |  November 30, 2010

  Federally insured credit unions should expect their assessments to total 90.4 basis points through 2021, the vast majority to repay the Treasury Department's loan to rescue the corporate credit unions, according to a report by CUNA.

• NCUA to Deal with Corporates, Premium Projections and Budget

  By Claude R. Marx  |  November 11, 2010

  The NCUA plans to issue projections for the range of costs to credit unions next year for shoring up NCUSIF and repaying part of the Treasury Department's loan to the Temporary Corporate Credit Union Stabilization Fund at its Nov. 18 meeting.

• NCUA Repays Loans

  October 20, 2010

  The NCUA repaid $10 billion plus interest to the Treasury Department yesterday using proceeds from selling performing assets of U.S. Central and WesCorp.