Underscoring a policy aimed at reaching out to small community banks and credit unions, the Federal Reserve Board and its district banks last week began completing a series of high-level CEO appointments to its new advisory panels.
CEOs being appointed this month to the newly formed advisory panels of Federal Reserve district banks are eager to become CU advocates and plan to raise the debit interchange issue.
As the SBA recently marked how the Small Business Jobs Acts of 2010 has helped it approve more than $10.3 billion in loan guarantees since the legislation was signed back in September, CUs could reap some unexpected benefits.
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.