ASI-approved H.R. 3584, which would allow privately-insured credit unions to join a FHLB, passes House committee markup.
Private share insurer drops fees from last year and the year before.
Company says special assessment needed to make up for low investment yields and to fund loss reserves.
Credit Union 1 in downstate Illinois buys out assets in deal through American Share Insurance.
Perhaps it was bound to happen given the continuing financial slide of the $667 million Silver State Schools Credit Union.
In a flip-flop in a state reeling from a depressed economy, One Nevada and Silver State Schools have traded places in ranking as the state’s largest credit union.
Dennis Adams said he doesn't read too much into handful of planned conversions from NCUA coverage to his company.
American Share Insurance cites lower yields on bonds, weaknesses in some of its markets for rate hike.
If more credit unions leave the NCUSIF, can the NCUA take steps to minimize the impact on those that remain?
The David Rhamy saga at the long-ailing Silver State Schools Credit Union in Nevada ends next Monday with the CEO’s retirement and succession by the former CEO of Patelco Credit Union, Andrew Hunter.