New losses at corporate credit unions increased the Temporary Corporate Credit Union Stabilization Fund loss provision by $1 billion during the month of March, the NCUA reported.
ALEXANDRIA, Va. -- Federal credit union alternatives to payday loans could range from $200 to $1,000,
NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today that 19.5% of insured shares were in credit unions with a rating of CAMEL 3 or higher at the end of March.
The NCUA will soon reveal April's 1% capitalization deposit adjustment, expected along with the agency's March financial statements.
The NCUA isn't saying how much it will charge credit unions to repay corporate stabilization or other NCUSIF expenses.
The NCUA Board unanimously sent out proposed regulations for a 60-day comment period at today's meeting.
Almost 20% of insured shares continued to be in credit unions with a rating of CAMEL 3 or higher at the end of last month and the NCUSIF's equity ratio remained at 1.24%.
NCUA Board members are scheduled to receive a public briefing about a rules change that would let low income credit unions borrow money through the Troubled Assets Relief Program at next Thursday's NCUA Board Meeting.
ALEXANDRIA, Va. -- Almost 20% of insured shares were in credit unions with a rating of CAMEL 3 or higher last year and the NCUSIF's equity ratio fell to 1.24% last month, NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today.