Agency outlines new program for credit union of $10 million or less.
New rules take effect Sept. 30, cover 45% of nation's credit unions with 96% of assets.
After receiving more than 280 comment letters on the matter, credit unions may see a final amended CUSO proposal by midyear.
This opinion piece will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
CUNA Chief Economist Bill Hampel says his analysis shows that Tech CU would pay more for FDIC coverage than now for NCUSIF.
Agency board told Monday that losses may not be as large as originally projected.
With much more at stake, it is no surprise that credit union service organizations are sounding the alarm louder than credit unions regarding an NCUA proposal that would alter how CUSO relationships are regulated.
Los Alamos fire forces one credit union to set up shop at another, while Montana, Nebraska, Indiana, Kansas and Iowa added to disaster relief policy list.
Federal credit unions can invest in or buy an insurance agency as a credit union service organization as long as the entity meet’s the NCUA customer base requirement.
Agency says FCUs can invest in or buy an insurance agency as a CUSO as long as the entity meets its customer base requirement.