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.
Interchange remains the topic du jour. Many pieces of this issue are puzzling, not the least of which is the process in which it came about. Namely, there wasn't one.
The Obama administration put its support behind raising the cap on member business loans to as much as 27.5% assets in writing,
The FTC just came out with disclosure regulations regarding private deposit insurance-more than two years after the financial crisis started and 20 years after the original law.
The Obama administration put its support for raising the cap on member business loans to as much as 27.5% assets in writing yesterday.
One and a half million North Carolinians, who are members of State Employees' Credit Union, have $175 million on deposit at the NCUA with the NCUSIF. This deposit is owned by SECU members and is fully refundable.
The NCUA Board may vote in June on whether to separate corporate CU assessments from those that cover natural person credit union losses, Chairman Debbie Matz told Wisconsin Credit Union League members.
The NCUA board may vote in June to separate corporate credit union assessments from those that cover natural person credit union losses.
The NCUA is engaged with two audit firms to ensure transparency of the agency's financial statements in full compliance with new accounting rules, Chairman Debbie Matz announced today.