Court documents from May revealed the Department of Homeland Security seized nearly $3 million from a business account at the $2.4 billion Veridian Credit Union in Waterloo, Iowa, over what the DHS said was an unlicensed money transmitting business operated by the business member’s client.
Citing the timing of cash flows, NCUA Director of Examination and Insurance Larry Fazio answered critics who have questioned the need for future corporate assessments in comments released to the press Aug. 14.
Letter to Credit Unions says agency will charge 2014 assessment and notes details about 2013 tab.
CUNA and the Chip Filson-led Co-Ops for Change may be singing off different song sheets, but the chorus is the same: The corporate assessment era should end.
ALEXANDRIA, Va. — NCUA to impose the lowest corporate assessment on credit unions since making their first payment in 2009.
There are more signs that consumers are back at the dealerships where they’re not only buying new vehicles but signing leases as well.
Credit unions that receive garnishment orders for accounts that receive federal benefit payments via direct deposit soon must provide member access.
Designation of insurer would be a change after 150 years of strictly state regulation.
Agency says at monthly meeting that four first-quarter liquidations have cost $75,000 in associated losses.
The NCUA reported March 28 that following a twice-annual review, the highest estimated amount credit unions have yet to pay in corporate assessments has declined by $900 million.