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.
After testing out an estate planning pilot program last year with more than 1,100 of its employees, State Employees' Credit Union wants one more round of feedback before rolling out services to its 1.6 million members.
The NCUA is using television, radio and billboards to spread the word about deposit insurance.
The NCUA Board voted to amend its regulations to make the $250,000 per account NCUSIF coverage permanent.
Saying he wants a system where financial services institutions "compete on price and quality, not on tricks and not on traps,"
NCUA Chairman Debbie Matz has written senators in support of two changes in the pending regulatory reform measure, the agency said today.
Credit unions that don't consider their gay, lesbian and transgendered members are missing out on a huge opportunity. So said Thomas Bowen, operations project coordinator at the $100 million Money One Federal Credit Union.