ALEXANDRIA, Va. – Unanimous board vote eliminates 5% threshold on FCU investments in fixed assets.
Rule would eliminate the 5% limitation on federal credit union investments in fixed assets.
WASHINGTON—NCUA board debates new corporate standards, association FOM rules.
In less than two weeks, we’ll ring out 2013, a year we’ll long remember as the one where the credit union industry turned a corner and found a smoother path.
This Opinion piece looks at the NCUA's corporate credit union rescue and the accompanying assessments, and what's in store next.
Government Accountability Office verifies NCUA’s projected loss estimates for corporate credit union legacy assets, says agency met its recommendations.
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.”
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, the remnants of Western Bridge, is not expected to make it, multiple sources have said.
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.