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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.
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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.”
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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.
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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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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.
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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.
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By Claude R. Marx |
January 19, 2011
Congress hasn't scrutinized the NCUA's handling of the problems at corporate credit unions very much.
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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.
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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.
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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.
