NCUA also reports clean audit this time around.
Audits typically are prosaic matters, filed by accountants, read by accountants and swiftly forgotten. Not so the recent audit of NCUA’s Temporary Corporate Credit Union Stabilization Fund, announced by the agency on Dec. 27, a day when many are on vacation.
Corporate leaders had mixed reactions to this week's report from the GAO critiquing the NCUA's handling of the corporates crisis.
Oversight agency points to "poor investment and business strategies" in corporate failures.
Agency board told Monday that losses may not be as large as originally projected.
As expected, the NCUA Board on Monday approved an assessment of 0.25% of insured shares to help pay for corporate CU rescue bonds.
The NCUA announced Friday it will hold a special NCUA Board meeting on Aug. 29 when it will determine what the assessments for natural person credit unions will be to pay for this year’s portion of the rescue of the corporate credit union system.
NCUA Inspector General quietly reports corporate losses, says others expected to be "much higher still."
ALEXANDRIA, Va. -- The NCUA Board last Thursday approved an assessment of 12.42 basis points that federally insured credit unions must pay to shore up the NCUSIF, which has
ALEXANDRIA, Va. -- The NCUA Board has approved an assessment of 12.42 basis points that federally insured credit unions must pay to shore up the NCUSIF, which has seen its assets drained because of losses in the credit union system.