Regulatory burden is real and is slowly crushing the credit union movement.
William J. Memmer accused of stealing $1.8M and understating assets by $5.7M, causing failure of $15.5M GICFCU.
NCUA OIG report on $7M NCUSIF loss says regulator should ask Congress for access to independent audit reports, circumventing credit union management.
Former E-Calculator now easier to navigate and boasts expanded content.
After the Berlin Wall came down, Congress decided to cash in the peace dividend and began closing military bases. One of the bases that closed was our primary sponsor, McClellan Air Force Base. We decided to convert to a community field of membership
California credit union CEO questions NCUA's ability to examine fairly, calls for Congress to give credit unions an independent insurer.
Using the NCUA’s midpoint estimates of remaining corporate stabilization costs, CUNA Chief Economist Bill Hampel estimates it would take four more years of assessments similar to the 2012 rate of 9.5 basis points to pay off corporate losses.
CUNA economist says lowering, spreading out payments would lessen impact on bottom line; NAFCU says release funds from NCUSIF.
Lobbyist claims few credit unions want MBL cap increase.
An NCUA Office of Inspector General’s investigative report revealed that the federal regulator questions the safety and soundness of the $25 billion State Employees’ Credit Union, the nation’s second largest.