Citing the timing of cash flows, NCUA Director of Examination and Insurance Larry Fazio answered critics who have questioned the need for future corporate assessments in comments released to the press Aug. 14.
This Opinion piece looks at the NCUA's corporate credit union rescue and the accompanying assessments, and what's in store next.
ALEXANDRIA, Va. — On July 25, the NCUA Board approved a 0.08% 2013 assessment to federally insured credit unions for the Temporary Corporate Credit Union Stabilization Fund. Those eight basis points represent the lowest end of the NCUA’s estimate of eight to 11 basis points announced in November 2012 and...
The NCUA announced last week at its monthly board meeting that credit unions’ assessment for the Temporary Corporate Credit Union Stabilization Fund would be a mere eight basis points. The total bill for credit unions comes to $701 million, or approximately $100,000 on average per credit union, for 2013. It’s...
It has an endless supply of funding: your credit union’s money.
ALEXANDRIA, Va. — NCUA to impose the lowest corporate assessment on credit unions since making their first payment in 2009.
On July 12 during a general session at NAFCU’s Annual Conference in Boston, NCUA Chairman Debbie Matz revealed some new details regarding a rule under development that would increase net worth requirements for credit unions with more than $50 million in assets.
BOSTON — NCUA Chairman Debbie Matz made the announcement during her general session address at NAFCU’s 46th Annual Convention in Boston.
While it’s valid for the NCUA to make risk management a priority when it comes to business lending, recent guidance from the regulator could hinder and discourage credit unions and CUSOs running solid programs.
ALEXANDRIA, Va. — The NCUA’s proposed derivatives rule includes a possible fee structure for credit unions applying for and using the authority that could discourage them, say those involved with the regulator’s pilot program. And one credit union chief financial officer said she won’t apply if the final rule includes...