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.
I read, with interest, Henry Wirz’s letter in the May 11 issue, “Capital Plan Is a Bust.” First, for clarification, the white paper was not “recently released.” It was released on April 12, 2010. Second, the white paper was released under my and my working group’s authorship.
Although government work isn’t always lucrative, 25 NCUA employees make more than $201,000 annually, according to agency records.
Having just returned from NACUSO’s 2011 Annual Conference in Las Vegas, I thought it would be appropriate to share some perspective on current issues and trends that will impact your credit union and its ability to survive and thrive.
LAS VEGAS — NCUA examiners hired specifically to examine CUSO operations and portfolios may be one way to spot red flags, an NCUA official says.
LAS VEGAS — The NCUA said Wednesday it wants to do all it can to keep an S&L-like crisis from occurring within the credit union industry.
LAS VEGAS — NCUA Board Member Gigi Hyland said Wednesday the agency needs more authority in dealing with CUSOs to help prevent credit union failures.
The NCUA board on April 21 approved a final corporate credit rule that left out two controversial provisions.
ALEXANDRIA, Va. — Federally insured credit unions with assets of more than $50 million and smaller ones with potentially risky loan portfolios would have to have policies to evaluate the institution’s interest rate risk exposure, set risk limits and test for interest rate shocks.
Now comes the hard part. Former New York Governor Mario Cuomo famously said that “you campaign in poetry and govern in prose.”