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.
ALEXANDRIA, Va. -- The NCUA reported today that the number of troubled credit unions increased at the end of last year.
At next Thursday's meeting the NCUA Board plans to vote on a final rule mandating the information about overdraft protection programs.
ALEXANDRIA, Va.-- Board members of federal credit unions will only get limited exemption from being sued for some of
ALEXANDRIA, Va.--NCUA Chief Financial Officer Mary Ann Woodson today told the board that in November for the first time this year there were declines in the number of troubled credit unions.
The NCUA Board doesn't plan to end the year quietly.
ALEXANDRIA, Va. -- Credit unions should budget for 20-35 basis points worth of additional assessments next year, the NCUA said today.
The NCUA plans to issue projections for the range of costs to credit unions next year for shoring up NCUSIF and repaying part of the Treasury Department's loan to the Temporary Corporate Credit Union Stabilization Fund at its Nov. 18 meeting.
ALEXANDRIA, Va. -- Well-capitalized CAMEL 1 and 2 federal credit unions will have stricter rules on fixed assets, stress testing and member business loans, as a result of the NCUA Board's decision today to change regulatory flexibility in several areas.
ALEXANDRIA, Va. -- The NCUA Board last Thursday approved an assessment of 12.42 basis points that federally insured credit unions must pay to shore up the NCUSIF, which has