Financial reports also reveal a continued decline in legacy asset credit ratings.
The NCUA's four permanent funds have received unmodified audit opinions for the year 2013.
NCUSIF, operating fund, community development revolving loan fund and CLF all received clean opinions from KPMG.
ALEXANDRIA, Va. — Final rule makes technical amendments to NCUA regs.
Legacy asset performance and 2013 assessment reduces estimated outstanding corporate stabilization costs to less than $1.6 billion.
The NCUA on Sept. 23 filed nine federal lawsuits in New York against eight banks over the sale of nearly $2.4 billion in mortgage-backed securities to failed corporates Southwest Corporate Federal Credit Union and Members United Corporate Federal Credit Union.
Agency action in New York federal court on same day as NCUA goes after 13 global banks in Libor price-fixing scandal.
ALEXANDRIA, Va. — On July 25, the NCUA Board approved a 0.08% 2013 assessment to federally insured credit unions for the Temporary Corporate Credit Union Stabilization Fund. Those eight basis points represent the lowest end of the NCUA’s estimate of eight to 11 basis points announced in November 2012 and...
The NCUA announced last week at its monthly board meeting that credit unions’ assessment for the Temporary Corporate Credit Union Stabilization Fund would be a mere eight basis points. The total bill for credit unions comes to $701 million, or approximately $100,000 on average per credit union, for 2013. It’s...
It has an endless supply of funding: your credit union’s money.