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.
ALEXANDRIA, Va. — NCUA to impose the lowest corporate assessment on credit unions since making their first payment in 2009.
It has truly been an honor to serve as NAFCU’s president and CEO for 13½ years. Before I leave, I’d like to share a few thoughts about where our industry has been and where it is likely headed.
Agency says at monthly meeting that four first-quarter liquidations have cost $75,000 in associated losses.
The Temporary Corporate Credit Union Stabilization Fund has received a clean audit opinion for 2012, the NCUA announced last week.
Board chair says audit shows agency is fulfilling its financial reporting responsibilities, will soon update system resolution costs.
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...
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.