We agree with David Reiss that credit unions could benefit from increased competition resulting from a privatized mortgage market ("Professor Says CUs Should Back GSEs' Privatization," March 2, page 3) provided, as he states, that "they maintain their access on par with that of larger financial institutions." Otherwise, credit unions...
The $87 million Shreveport Federal Credit Union has used the long-term funding it received from the U.S. Treasury's Community Development Capital Initiative to grow its portfolio of very small business loans.
The idea came from someone who worked with the state of North Carolina’s retirement division and who also served on the advisory board at one of State Employees’ Credit Union.
The $87 million Shreveport Federal Credit Union has used the long-term capital it received from the U.S. Treasury's Community Development Capital Initiative to grow its portfolio of very small business loans.
It was a shock and it was unprecedented. The NCUA hammer brought down on the legacy assets held by the corporate system during 2010 caused it to reel as never before.
If a provision requiring CUSOs that use a corporate credit union's services to pay a voluntary payment to the Temporary Corporate Credit Union Stabilization Fund goes through,
CUSOs using a corporate credit union's services may seek liquidity outside of the industry if a provision requiring them to pay a voluntary payment to the Temporary Corporate Credit Union Stabilization Fund goes through.
Neal Barofsky, the special inspector general for the troubled asset relief program, has written a highly critical evaluation of the U.S. Treasury's administration of efforts meant to help home owners remain in their homes.
The U.S. Treasury Department's Community Development Capital Initiative drew a charge of political tampering last week from an economist who has often been critical of programs related to the Troubled Asset Relief Program.
The strain of staying ahead of managing capital and net worth ratios has left some credit unions looking at the bottom of the barrel for more solutions as the year comes to an end.