Given the stall in lending activity for many in the industry since the recession, AltaOne Federal Credit Union was expecting to see negative signs in its auto loan portfolio at the end of 2011.
An Ohio church has alleged the NCUA staff committed fraud when they did not allow it to withdraw its funds from the failing St. Paul Croatian Federal Credit Union before the credit union was placed into conservatorship.
A church seeking to recover lost money is alleging that NCUA staff acted unscrupulously.
NAFCU will hold a webinar on Jan. 25 for credit union executives who want a primer on the NCUA’s requirements for insurance coverage.
Linda Jekel, credit union regulator for the state of Washington, said she does not foresee any supervisory issues arising from Bank Transfer Day.
Like most parts of the country, unemployment has hit some members of ORNL Federal Credit Union in a devastating way.
Financial education may be the avenue credit unions have been looking for to reach parents, young adults and children alike.
ALEXANDRIA, Va. — Credit unions could prepay between $10,000 and 36 basis points of insured shares toward their assessments to pay the costs of the rescue of corporate credit unions under a proposal announced at the May 19 NCUA board meeting.
ALEXANDRIA, Va. — The NCUA ruled Thursday that federally insured credit unions that are insolvent, in conservatorship or have ratings of CAMEL 4 and 5 are prohibited from offering golden parachutes to executives.