In taking steps to provide federal credit unions with derivatives authority as an additional tool to manage interest rate risk on the balance sheet, the NCUA demonstrated flexible thinking in evaluating its rules. That is to be commended.
Credit union trade groups are in agreement when it comes to the NCUA’s derivatives proposal. Unfortunately, the responses aren’t pretty.
Bill signed Thursday by Gov. Andrew Cuomo brings Empire State into conformity with national law.
For some credit unions and CUSOs, the newly approved changes to the loan participation rule are apt to leave a bittersweet residue within their business loan portfolios.
Larry Middleman, president/CEO of CU Business Group LLC, said the new participation rule addresses lead lender risk.
Now that the NCUA has approved a final loan participation rule, some are still concerned about some of the long-term impacts.
State high court decision allows the city of New York to sell 2,000 additional medallions for wheelchair-accessible yellow taxicabs.
State regulator orders Glendale credit union to replace manager, implement process improvements, controls.
Empire State would follow Congress in eliminating ATM fee disclosure requirement that has spawned lawsuits.
The NCUA has contradicted itself regarding the basis of a member’s lawsuit against the $161 million St. Helens Community FCU of St. Helen, Ore., and the examples of those contradictions are documented and working their way into court.