Temporary Corporate Credit Union Stabilization Fund

• Onsite Coverage: NCUA’s $2 Million Surplus Will Be Applied to 2013 Budget

  By Heather Anderson  |  July 24, 2012

  ALEXANDRIA, Va. — The NCUA Board Tuesday approves adjustment to 2012 operating budget that will apply $2 million in savings to 2013 spending.

• Onsite Coverage: Corporate Assessment Will Send 335 CUs Into the Red

  By Heather Anderson  |  July 24, 2012

  ALEXANDRIA, Va. — The 2012 corporate rescue fund assessment to reduce annualized return on average assets an estimated 8 basis points industry wide.

• Onsite Coverage: NCUA Board Approves Two Proposed Rules and 9.5 BP Assessment

  By Heather Anderson  |  July 24, 2012

  ALEXANDRIA, Va. – Federally insured credit unions have two new proposed rules to consider, new corporate assessment after the NCUA Board met Tuesday.

• Onsite Coverage: NCUA Board Sets 9.5 Basis Points for Corporate Rescue Fund

  By Heather Anderson  |  July 24, 2012

  ALEXANDRIA, Va. — Federally insured credit unions will be charged 9.5 basis points this year for the Temporary Corporate Credit Union Stabilization Fund.

• Corporate Stabilization Fund Improved Last Year

  By Heather Anderson  |  July 2, 2012

  The Temporary Corporate Credit Union Stabilization Fund made progress against legacy asset losses in 2011, improving the fund’s net position from 2010, according to audited financial statements released by the NCUA. The fund also received a clean report from outside auditors.

• Estimated Minimum Legacy Asset Losses Increase $800 Million

  By Heather Anderson  |  June 29, 2012

  Moves to both high and low estimates.

• Corporate Stabilization Fund Net Position Improved $2.2B in 2011

  By Heather Anderson  |  June 22, 2012

  NCUA also reports clean audit this time around.

• NCUSIF Beats 2011 Projections: NCUA Board

  By David Morrison  |  March 15, 2012

  Fewer losses, portfolio growth and a decline in at-risk credit unions allows transfer of $278.6 million to Temporary Corporate Credit Union Stabilization Fund.

• NCUA Settles MBS with HSBC Out of Court

  By David Morrison  |  March 12, 2012

  The NCUA has settled a complaint about the way HSBC sold mortgage-backed securities to five failed corporate credit unions.

• NCUA Says Four Permanent Funds Earn Clean Audit Opinions

  By Marc Rapport  |  February 16, 2012

  Outside auditors give NCUSIF, CLF, operating and Community Development Revolving Loan funds' financial reports a clean bill of health.