U.S. Treasury

• Corporate Assessment Fund Levy Will Drop 335 CUs Into the Red

  By Heather Anderson  |  July 30, 2012

  The 2012 Temporary Corporate Credit Union Stabilization Fund assessment of 9.5 basis points of insured shares will reduce annualized return on average assets for federally insured credit unions an estimated 8 basis points industry wide, to 0.81%, the NCUA said during its monthly board meeting July 24.

• 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.

• 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.

• Matz Named in CFPB Suit

  By Heather Anderson  |  July 2, 2012

  NCUA Chairman Debbie Matz was named as a defendant in a lawsuit that challenges the constitutionality of the Consumer Financial Protection Bureau.

• Matz Named as Defendant in CFPB Constitutionality Suit

  By Heather Anderson  |  June 26, 2012

  Plaintiffs challenge creation of CFPB and FSOC, Cordray's appointment.

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  Guest Opinion: Top Credit Unions Are Held Back by Industry’s Shortcomings

  By Peter Duffy  |  April 29, 2012

  A new analysis by Sandler O’Neill underscores how critical the sheer size of financial institutions has become to their surviving and thriving. Yet top performing credit unions are being held back by a systemic lack of accountability.

• Texas Business Group: Credit Unions Are a ‘Proven Model’

  By Michelle A. Samaad  |  April 26, 2012

  The Texas Association of Business said credit unions have a strong track record when it comes to lending to small businesses.

• Rosenthal to Leave Federation and Join Consumer Bureau

  By David Morrison  |  March 11, 2012

  Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions, is leaving the federation to take a position with the Consumer Financial Protection Bureau.

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  ABA Vows to Sink JOBS Bill if MBL Hike Included

  By Michelle A. Samaad  |  March 11, 2012

  If a House bill backed by the American Bankers Association in a new package of legislation designed to help small businesses create more jobs gives credit unions expanded lending authority, the banking trade group has vowed to pull back its support.