ALEXANDRIA, Va. — The NCUA’s proposed derivatives rule includes a possible fee structure for credit unions applying for and using the authority that could discourage them, say those involved with the regulator’s pilot program. And one credit union chief financial officer said she won’t apply if the final rule includes...
Affinity CFO says "to pay fees to reduce risk to the fund is alien to me in any other regulatory regime.”
Credit union says first quarter continues record pace and that 100% financing program performance stays strong.
Navy Federal, SECU, BECU, Golden 1 and America First on list.
Pensacola operations center will grow to 2,800 employees with 340,000-square-foot addition.
Two credit unions, NASA Federal Credit Union and Navy Federal Credit Union, are offering members mortgages without requiring any down payment or mortgage insurance.
Navy Federal, NASA FCU have different philosophies, same approach to dealing with risk from mortgage loans with no down payments.
More user-friendly information available, agency says, and new Matz video. Navy Federal also announces Military Saves Week offer.
For the first time ever, credit unions originated more than 8% of all U.S. mortgages originated in any given three month period, Callahan and Associates announced in May. The previous record had been just over 5%.