NCUA board

• Corporate Loss Reduced, Assessment Remains

  By Heather Anderson  |  April 10, 2013

  The NCUA reported March 28 that following a twice-annual review, the highest estimated amount credit unions have yet to pay in corporate assessments has declined by $900 million.

• NCUA Shares Examiner TDR Guidance

  By Heather Anderson  |  April 3, 2013

  Supervisory letter says risk-based approach should be taken to examining troubled debt management at credit unions.

• NCUA Board Members Commit to Safety and Soundness

  April 3, 2013

  Recently, there has been conversation about a petition put forth by an individual seeking to secure a seat on the NCUA Board. The campaign to secure a position is based on the premise that a candidate for the office should be required to take a litmus test to confirm that...

• Commodore Stops Appeal

  By Heather Anderson  |  April 3, 2013

  The $32 million Commodore Perry Federal Credit Union told Credit Union Times March 26 that it has withdrawn its exam appeal to the NCUA Board.

• GAAP Accounting Could Complicate Assessment Rebate

  By Heather Anderson  |  April 2, 2013

  CUNA economist sees possible accounting problems should the NCUA rebate extra money after corporate losses are repaid.

• NCUA: Estimated Future Corporate Assessments Less Than $4 Billion

  By Heather Anderson  |  March 28, 2013

  Agency says reduction in 2013 corporate assessment not in the offing but have passed the halfway point in overall payback.

• Commodore Perry FCU Scraps Appeal Over Examiner Harassment

  By Heather Anderson  |  March 27, 2013

  Small Ohio credit union says it will work with state's league and CUNA to further cause of examination reform.

• Landmark CU Gains NCUA Approval to Buy Wisconsin Bank

  By Peter Strozniak  |  March 27, 2013

  During a closed meeting, the NCUA Board unanimously approved Landmark Credit Union’s acquisition of Hartford Savings Bank, subject to approval from the FDIC, according to a Board Action Bulletin posted last week on the NCUA’s website.

• Telesis Failure Blamed on Management, Board, Regulators

  By Heather Anderson  |  March 27, 2013

  The NCUA’s Inspector General blamed Telesis Community Credit Union’s former management and board as well the NCUA and California Department of Financial Institutions for the Chatsworth, Calif.-based institution’s failure in a material loss review released March 20.

• Wisconsin DFI Approves Landmark Credit Union Acquisition of Hartford Savings Bank

  By Peter Strozniak  |  March 22, 2013

  Only approval by the FDIC awaits final approval of the sale of the $190 million Wisconsin community bank to $2.1 billion Landmark CU.