WASHINGTON — The financial services industry is a risk-taking industry, a top NCUA director said, and if they don't take risk, they become a risk.
Members of Technology Credit Union voted to reject a proposal to convert their institution to a mutual bank.
Seventy-seven percent of voting members cast ballots to remain a credit union.
Agency says it can reschedule exams, guarantee lines of credit through NCUSIF and make loans through the Central Liquidity Facility.
Nearly all FirstCorp members voted to approve the deal Aug. 17 in the Phoenix corporate’s headquarters, the organization said.
Trade organizations have submitted their regulatory wish lists to the NCUA as the agency prepares to undergo its annual rule review.
The NCUA’s proposed rule that would allow it to declare state-chartered federally insured credit unions in “troubled condition” is the latest move by the federal regulator that has some state- chartered credit unions and their regulators crying foul.
Proposed NCUA "troubled condition" rule has some state-chartered credit unions, their regulators crying foul. Get the story early in this week's print preview.
NASCUS decries what is describes as NCUA preemption.
ALEXANDRIA, Va. — The NCUA Board Tuesday approves adjustment to 2012 operating budget that will apply $2 million in savings to 2013 spending.