Trade associations are hopeful the NCUA will reduce its 2013 operating budget during its monthly board meeting July 25. While the board’s open meeting agenda has not yet been released, historically the federal regulator makes mid-year adjustments to the operating budget and announces the annual corporate assessment rate in July.
Measure would allow credit unions to utilize uninsured, non-share accounts to supplement capital.
This preview from the March 13 print edition takes a look at the fight against loan fraud.
With the recent guilty verdict against a businessman that scammed $7.5 million from the former Lockheed Credit Union to obtain a number of loans, the decision may have offered another instance of assurance that the public is becoming increasingly fed up with fraud.
Pundits and philosophers have noted that throughout history there is nothing permanent except change. Sometimes we create the change; other times, we respond to it. But we should never ignore it.
NCUA chair touts stewardship of four agency funds.
Norfolk, Va., credit union paid three times in operating expenses what it made in gross income in 2012.
Agency invites credit unions to embed video on their own websites to educate members on NCUSIF deposit protection.
Manual is product of two-year project to improve examination consistency and efficiency, agency says.
ALEXANDRIA, Va. — The NCUSIF was hit with $147.2 million in insurance losses during the third quarter, the NCUA Board learned at Thursday’s board meeting.