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.
ALEXANDRIA, Va. — Corporate rescue plan revamped after industry concerns; increases maximum participation amount and raises aggregate total to go forward.
Congress hasn't scrutinized the NCUA's handling of the problems at corporate credit unions very much.
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.