It was a shock and it was unprecedented. The NCUA hammer brought down on the legacy assets held by the corporate system during 2010 caused it to reel as never before.
As Check 21 wraps up its first decade, its impact has been considerable.
The NCUA-conserved Members United Corporate Federal Credit Union is opting for a full discussion of its condition--as well as the corporate/CU scene---as it continues with a packed schedule of town hall meetings.
After months of speculation, the NCUA revealed on Sept. 24 a "good bank, bad bank" plan to deal with corporate legacy assets.
New securities issued from legacy assets will be guaranteed by NCUA, said Deputy Executive Director Larry Fazio.
Find out how our readers ranked the top 10 stories of 2010.
Palmetto Cooperative Services LLC is now offering image return document printing solutions in response to the continued consolidation of Federal Reserve Bank services.
A South Carolina CUSO is now offering return document (IRD) printing solutions in response to the continued consolidation of Federal Reserve Bank services.
The Federal Reserve Bank of Richmond wants more financial input from credit unions and next week will be conducting its second "Credit Union CEO Forum" as part of an outreach program, officials of the regional Fed bank said this week.