Temporary Corporate Credit Union Stabilization Fund

• NCUA Says Riskier Assets Dropping, Funds Stable

  By Marc Rapport  |  April 18, 2013

  Agency says at monthly meeting that four first-quarter liquidations have cost $75,000 in associated losses.

• Corp Fund’s Clean Audit

  April 3, 2013

  The Temporary Corporate Credit Union Stabilization Fund has received a clean audit opinion for 2012, the NCUA announced last week.

• NCUA: Corporate Stabilization Fund Receives Clean 2012 Audit

  By Heather Anderson  |  March 27, 2013

  Board chair says audit shows agency is fulfilling its financial reporting responsibilities, will soon update system resolution costs.

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  Filson’s Demand: Show Me the Money

  By Heather Anderson  |  March 8, 2013

  Callahan & Associates Chairman Chip Filson said he questions a nearly $2 billion reduction in the NCUA’s Central Liquidity Facility stock reported in October when U.S. Central Bridge was liquidated. Filson also posted a blistering Feb. 28 opinion piece on the Callahan website questioning the NCUA’s financial transparency on the...

• NCUA: U.S. Central’s CLF Stock Used to Pay Out Share Deposits

  By Heather Anderson  |  March 7, 2013

  Agency says it used $1.845 billion to pay out the failed corporate's largest liability. NCUA foe said it should have been kept separate.

• NCUA Board Approves TIPS Investments and Larger Rural Districts

  By Heather Anderson  |  February 21, 2013

  The NCUA Board approved two new rules during its February meeting Thursday that expand investment powers and field of membership reach.

• Audited CLF Statements Reveal Gutted Fund Post-U.S. Central

  By Heather Anderson  |  February 19, 2013

  NCUA chair touts stewardship of four agency funds.

• NCUA Files Suit No. 10 Over Corporates Collapse

  By Marc Rapport  |  January 4, 2013

  J.P. Morgan, others named in sale of $2.2 billion in failed mortgage-backed securities that led to collapse of WesCorp, U.S. Central and Southwest Corporate.

• NCUA Sues Bear Sterns in Largest Corporate Securities Suit Yet

  By Heather Anderson  |  December 17, 2012

  Ninth suit filed so far by NCUA in the sale of toxic mortgage-backed securities to corporate credit unions.

• NCUA Eliminates Credit Ratings For Investment Decisions: Onsite Coverage

  By Heather Anderson  |  December 6, 2012

  ALEXANDRIA, Va. — A final rule approved Thursday by the NCUA Board eliminates use of credit ratings as standards of investment creditworthiness.