Federal Home Loan Bank

• NCUA Hit With S&P Downgrades

  By Robert McGarvey  |  August 8, 2011

  Four of the agency's corporate bond issues lose AAA rating.

• United FCU Buying Indiana Savings Bank

  By Jim Rubenstein  |  July 27, 2011

  Takeover of bank may be first by a federally chartered credit union, its president says.

• NCUA vs. Wall Street

  By Robert McGarvey  |  April 6, 2011

  The Wall Street Journal dropped the bombshell: “Banks Hit for Credit Union Ills,” read the headline on an article reporting that the NCUA was in talks with a bevy of Wall Street powerhouses (Goldman Sachs, Merrill Lynch, Citigroup and JPMorgan Chase) about the NCUA’s belief that Wall Street banks sold...

• Professor Says CUs Should Back GSEs’ Privatization

  By David Morrison  |  March 2, 2011

  A professor of law at Brooklyn Law School argued that credit unions should back the privatization of Fannie Mae and Freddie Mac, provided they can also ensure they get the same access to a privatized secondary mortgage market that banks would get.

• A New Political Landscape

  By Claude R. Marx  |  November 10, 2010

  When Congress returns, credit unions can expect fewer consumer bills, tweaking the financial overhaul bill and new leaders of House and Senate committees that oversee credit unions.

• Corporate CD Rate Disparities Reflect Liquidity and Other Factors

  By Heather Anderson  |  August 18, 2010

  Despite a $5 billion retained members' deficit, Western Corporate FCU posted the corporate system's second highest term deposit rates Aug. 9, offering 0.74% for a two-year certificate.

• Leveraged Borrowing Could Pay for Assessments

  By Heather Anderson  |  May 26, 2010

  NEW ORLEANS -- If a $1 billion credit union used a series of advances to fund a $100 million investment in new 15-year mortgage pools, it could add as much as $600,000 to interest income in the first year.

• On-Site Coverage: Leveraged Borrowing Could Pay for NCUA Assessments

  By Heather Anderson  |  May 17, 2010

  New Orleans -- If a $1 billion credit union borrowed $100 million in strategically laddered advances, and invested those funds in low-risk mortgage pools, it could add as much as $600,000 to interest income.

• Pass-Through Corporates Take a Pass at Consolidation Recommendations

  By Heather Anderson  |  April 28, 2010

  Despite recommendations by CUNA and others that call for significant corporate consolidation, three executives of small corporates said they are not in merger discussions and are unlikely to merge.

• Trades Urge Lifting of FHLB Concentration Limits in Reg Bill

  By Claude R. Marx  |  April 23, 2010

  CUNA and NAFCU wrote lawmakers this week that the language in the financial overhaul bill that would limit the Federal Home Loan Bank Board to a 25% concentration limit would limit their ability to meet their obligations to their members.