Credit unions should set aside between 8 and 11 basis points for next year’s assessment to pay for the corporate credit union rescue, NCUA Chairman Debbie Matz advised last week.
The NCUA says it's not developing a contingency plan for helping credit unions that stay deal with any new costs from more departures.
Lara K. Rodriguez succeeds new general counsel Michael McKenna.
Agency tells trade groups no move needed because such conversions are "relatively rare" and that converting CUs will pay this year's assessment to corporate rescue fund.
NCUA General Counsel Robert Fenner and Office of Examination and Insurance Director Melinda Love both plan to retire later this year, the agency announced last week.
NCUA General Counsel Robert Fenner and Office of Examination and Insurance Director Melinda Love plan to retire later this year, the agency says.
Credit unions will have six additional weeks to submit comment letters on the NCUA's proposed rule to revamp the application process for community charters.
A county can be a member of and sponsor of a CU and could use public funds to start one, according to a legal opinion by NCUA Deputy General Counsel Michael McKenna.