ALEXANDRIA, Va. — The NCUA Board Tuesday approves adjustment to 2012 operating budget that will apply $2 million in savings to 2013 spending.
ALEXANDRIA, Va. — The 2012 corporate rescue fund assessment to reduce annualized return on average assets an estimated 8 basis points industry wide.
ALEXANDRIA, Va. – Federally insured credit unions have two new proposed rules to consider, new corporate assessment after the NCUA Board met Tuesday.
ALEXANDRIA, Va. — Federally insured credit unions will be charged 9.5 basis points this year for the Temporary Corporate Credit Union Stabilization Fund.
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.
Moves to both high and low estimates.
NCUA also reports clean audit this time around.
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.
The NCUA has settled a complaint about the way HSBC sold mortgage-backed securities to five failed corporate credit unions.
Outside auditors give NCUSIF, CLF, operating and Community Development Revolving Loan funds' financial reports a clean bill of health.