This article will be among the news and features filling the pages of the next print edition of Credit Union Times.
Two ad hoc industry groups among the most vocal in stirring critical debate about the NCUA said their stands are unchanged.
Ohio-based corporate pledges $604,533 as deadline arrives for commitments.
The $1.1 billion MECU of Baltimore is paying cash bonuses to its members for the 30th straight year.
The $1 billion credit union said it will offer a six-month, no-interest loan up to the full amount of a member’s paycheck.
Correction: Deadline arrives today for commitments; NCUA will announce results on Aug. 9.
It may be one of the few times when a faculty position at Harvard Law School is a consolation prize
ALEXANDRIA, Va. — CUSOs would have to submit financial reports to the NCUA and there would be limits on the investments certain credit unions can make in CUSOs, according to a proposed rule the NCUA sent out for comment on July 21.
The NCUA has sued RBS Securities for $685 million, alleging that that firm misled Western Corporate FCU (WesCorp) when it sold it mortgage-backed securities.
Second suit against RBS Securities seeks $685 million for mortgage-backed securities sold to WesCorp.