The video explains the Office of Small Credit Union Initiatives' four major programs – training, loans and grants, partnership and outreach, and direct assistance.
The roughly 73,000 people who live in Wilmington, Del., will likely have another financial institution to choose from later this month when the first CU chartered in 2011 opens its doors.
The First State is the venue of the first new credit union chartered by the NCUA this year.
Funds for multiple purposes available to low-income credit unions through CDRLF.
ALEXANDRIA, Va. — Credit unions could prepay between $10,000 and 36 basis points of insured shares toward their assessments to pay the costs of the rescue of corporate credit unions under a proposal announced at the May 19 NCUA board meeting.
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 compliance with NCUA's Jan. 27 rule on financial literacy for directors, state leagues are revving up their 2011 training and education programs.
Low income credit unions have until April 2 to apply for a federal program that would allow them to borrow money through the Troubled Assets Relief Program.