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.
The NCUA has launched a Spanish version of its MyCreditUnion.gov consumer website.
Board member's term ends, but she is not departing.
ALEXANDRIA, Va. — Before Robert Fenner joined the NCUA as a staff attorney immediately after graduating from George Washington University Law School in 1974, he “didn’t even know what a credit union was.”
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.
ALEXANDRIA, Va. — New rules call for CUSOs to submit financial reports to the NCUA, limit investments certain credit unions can make.
When the NCUA issues its proposed regulation of credit union service organizations on July 21, it will be an attempt by the agency to keep a closer eye on organizations whose role has grown and therefore expose credit unions to greater risk.
There is, we are told, no such thing as a free lunch. For the NCUA, however, there may well be free money.
Here are some more photo highlights of the 44th annual NAFCU conference this week in San Francisco. Click on through for a slide show.
SAN FRANCISCO — A sluggish economy has caused the NCUA to undertake several initiatives to ensure the safety and soundness of the industry, a board member says.