Sundie Seefried , the CEO of Partner Colorado Credit Union, is sick of it and made it plain that she for one is not going to take the blame for hurting small credit unions.
When is an IOU not an IOU? That was the question on the mind of Mike Doland, executive vice president at ABNB FCU in Virginia, when he advised the credit union’s vice president for finance, Anthony Duncan, to send a letter to the Central Liquidity Facility, the federally operated organization overseen...
North Dakota-based Midwest Corporate has shut its doors, choosing to liquidate rather than attempt to meet toughened NCUA financial yardsticks.
Credit unions probably won’t have to pay a premium for the NCUSIF, but the NCUA is still trying to encourage them to part with more of their money.
NCUA Inspector General quietly reports corporate losses, says others expected to be "much higher still."
Central Liquidity Facility. It sounds like a conveniently located swimming pool for bureaucrats. It is not that, but what it is is misunderstood–even inside the credit union industry–and right now a debate is starting about the CLF’s role as the industry restructures.
As credit union executives prepare to come to Washington next month to lobby Congress, here's a gentle reminder: Mind your manners.
Those are among the red flags raised in the early comment letters filed with the NCUA on the proposed corporate credit union rules that the NCUA sent out for comment last month.
After months of speculation, the NCUA revealed on Sept. 24 a "good bank, bad bank" plan to deal with corporate legacy assets.
Some credit union executives, anxious for the NCUA to reveal its corporate balance sheet solution, say they fear a pending corporate "Black Friday," during which the regulator places three or more corporates into conservatorship or forces mergers.