The NCUSIF’s equity ratio remained at 1.31% for the third consecutive month in September, according to a report to the NCUA board by the agency’s chief financial officer Mary Ann Woodson at its Oct. 27 meeting.
Now comes the hard part. As tumultuous as the House subcommittee hearing on raising the cap on member business lending was, the really difficult battle will take place in the months ahead.
Sen. Olympia Snowe (R-Wash.) says Small Business Lending Fund "not an effective use of taxpayers' money."
Northup headed the agency's lobbying and public relations during the first term of President George W. Bush.
The Wisconsin Bankers Association says most of the state’s credit unions are not near their respective member business lending caps.
An innovative community development credit union that serves the greater New Orleans area is one of 12 financial institutions to receive federal grant money to help improve the quality of food in their areas.
U.S. Savings Bonds will no longer be sold in paper form after Dec. 31, 2011, the NCUA is reminding credit unions.
Federal agents have seized the accounts at a Sacramento-area credit union of two businesses that dispense marijuana to people with a doctor's prescription, according to court documents.
While the NCUSIF’s equity ratio is headed in the right direction, it’s not clear how much it will benefit the bottom line of credit unions.
The NCUA says it's not developing a contingency plan for helping credit unions that stay deal with any new costs from more departures.