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.
Agency says business as usual at conserved CU with focus on improving its financial condition for the long term.
It’s not just about your assets. While the NCUA and state regulators certainly care about the raw numbers of credit unions, they are putting more emphasis on scrutinizing how credit unions are run. In other words, the "M" in CAMEL is getting the spotlight.
In a statement signed by NCUA Chairman Debbie Matz, the federal regulator sets out clear guidelines for the future of bridge corporates in particular but also impacting other corporates.
In a letter to the co-chairs of the National Commission on Fiscal Responsibility and Reform, CUNA President/CEO Bill Cheney wrote that if credit unions lose their tax-exempt status, consumers will pay the price.
In today's legislative and economic climate, the credit union industry is facing myriad unknowns.
The Pennsylvania Credit Union Association has formally added its voice to the industry chorus complaining about the NCUA assessment schedule urging the agency to use its legal discretionary power to spread out the expense.
The recession has hurt community development credit unions but has not knocked them out, according to a report from the National Federation of Community Development Credit Unions
The Pennsylvania Credit Union Association formally complained this week about the NCUA's assessment schedule urging the agency to use its discretionary power to spread out the assessments over the maximum period of time allowed by law.