Agency reviews new IRR rules as credit union exposure grows from mortgage lending funded by short-term liabilities.
Last year, 29 NCUA employees made more than $201,000, an increase from 25 the year before, according to agency records.
Last year, 29 NCUA employees were paid more than $201,000 each. Get the full story in this Print Preview from next week's Credit Union Times.
Approximately 45% of federally insured credit unions would have to develop interest rate risk management policies that include extensive use of risk measurement systems and internal controls, according to a rule approved by the NCUA Board at its Jan. 26 meeting.
Approximately 45% of federally insured credit unions would have to develop extensive new interest rate risk management policies, according to a rule issued by the NCUA on Thursday
Retirements, promotions in and around credit unions in the year now past.
ALEXANDRIA, Va. — The NCUA giveth and the NCUA taketh away. At its Dec. 15 meeting the agency’s board proposed placing more restrictions on loan participations while granting credit unions greater flexibility in other areas.
Saying that it failed to disclose the risks to two now-defunct corporate credit unions, the NCUA is suing the company formerly known as Wachovia Securities.
Credit unions should set aside between 8 and 11 basis points for next year’s assessment to pay for the corporate credit union rescue, NCUA Chairman Debbie Matz advised last week.
John Kutchey to succeed Melinda Love, moving from E&I to COO/deputy executive director.