The NCUA will likely have much to consider as it reads through more than 280 comment letters that came in on the agency’s proposal to amend the CUSO rule.
After receiving more than 280 comment letters on its proposed CUSO rule amendments, the NCUA is considering its next steps.
The NCUA’s 950 unionized NCUA employees will not get a pay raise next year but will get a more generous retirement package, the agency said Tuesday.
Nearly a year and a half after several members sued the NCUA to recover $4 million involving the defunct New London Security Federal Credit Union, their case was recently dismissed by a federal court for missing a key deadline.
New corporate expects to begin operating on Oct. 24.
Several members suing the NCUA to recover $4 million involving the defunct New London Security Federal Credit Union missed a deadline and saw their case dismissed in federal court.
More of the costs left over from failed corporate credit unions will hit most existing credit unions in late September. The NCUA Board approved assessing federally insured credit unions an additional 25 basis points of insured shares to help foot the bill for the Temporary Corporate Credit Union Stabilization Fund.
Nearly a year after the NCUA filed a proof of loss claim to recover alleged monetary damages connected to the collapse of St. Paul Croatian FCU, the CUMIS Insurance Society has denied it.
Kiva.org, the online organization that allows individuals to invest in development micro-loans around the world, has chosen a community development credit union as its field partner for its micro-lending effort in New Orleans.
Micro-loans backed by Kiva would still count against 723 Cap.