Credit unions by and large have been seen as the good guys in the ongoing housing finance crisis. In general, more conservative underwriting prevented most credit unions from making the mortgage loans that were most likely to wind up delinquent.
The NCUA is a low-profile agency, but that may not prevent the nomination of Carla M. Decker from getting caught up in pre-election political wrangling.
Like Noah’s ark, the Senate Banking Committee often considers nominees in pairs.
The nomination of Carla Leon-Decker to the NCUA Board was welcomed Friday by the National Federation of Community Development Credit Unions.
Reaction to the nomination of Carla Leon-Decker to the NCUA Board was favorable Friday morning.
New board member would come from a Community Development CU and the Network of Latino Credit Union Professionals.
WASHINGTON — NCUA Board Member Gigi Hyland told credit union leaders today to redouble their efforts to tell their story on Capitol Hill.
NCUA Board Member Gigi Hyland doesn’t have to order a moving van any time soon. Even though her term on the board expired on Aug. 2, President Obama hasn’t nominated anyone to succeed her.
More of the costs left over from failed corporate credit unions will hit most existing credit unions in late September. The NCUA Board approved assessing federally insured credit unions an additional 25 basis points of insured shares to help foot the bill for the Temporary Corporate Credit Union Stabilization Fund.
A Spanish-language version of the NCUA’s consumer website is now available at www.espanol.mycreditunion.gov. The agency said the site is part of its continuing effort to reach Spanish-speaking consumers.