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. — While CAMEL 4 and 5 CUs increased, the percentage of total shares declined, the agency's CFO said Thursday.
Golden parachute ban, advertising rules and insurance fund prepay options all on agenday for next week's NCUA board meeting.
The NCUA board on April 21 approved a final corporate credit rule that left out two controversial provisions.
Agency board also told at Thursday's meeting that NCUSIF net income for first quarter was $29.6 million, with $1.1 billion in reserve.
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.
The NCUA Board plans to discuss and possibly send out for comment to next Thursday’s meeting a proposed rule regulating what steps credit unions would have to take to protect against interest rate risk.
ALEXANDRIA, Va. -- Large credit unions would have to file an annual report on incentive-based compensation programs and couldn't have any such programs that encourage exposure to inappropriate risks
ALEXANDRIA, Va. -- The number of troubled credit unions remained about the same in January, NCUA CFO Mary Ann Woodson told the agency's board today.
ALEXANDRIA, Va.-- The NCUA reported last week that the number of troubled credit unions increased at the end of last year, indicating that despite signs of economic improvement the industry has a way to go before it is out of the woods.