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
ALEXANDRIA, Va. -- Federally insured credit unions that are insolvent, in conservatorship or have ratings of CAMEL 4 and 5 would be prohibited from offering golden parachutes to their executives under a proposed rule.
The economy may be improving but credit unions are still hurting and that's reflected in today's report on the NCUSIF.
ALEXANDRIA, Va. -- The NCUA Board last Thursday approved a 13.4 basis point assessment for federally insured credit unions to help the Corporate Stabilization Fund repay the Treasury Department.