The NCUA's estimated 2014 corporate assessment range of zero marked the end of a costly era for federally insured credit unions.
The NCUA's estimated 2014 corporate assessment range of zero marks end of costly bailout.
ALEXANDRIA, Va. — In what was arguably the most important meeting of the year, the NCUA board approved a 6.7% in the 2014 operating budget, no projected corporate assessment for 2014 and a final CUSO rule. All items on the agenda received yes votes of approval from all three board...
Settlement resolves suits over corporate credit union failures.
The $861 million, 59,000-member CFCU Community Credit Union of Ithaca, N.Y., recently announced the selection of Jim Struble as the organization’s new vice president of sales and service. Struble has spent the last five years at the $635 million, 50,000-member Mayo Employees FCU in Rochester, Minn., where he most recently...
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Agency hails Tuesday ruling upholding its overtime rights to file actions over corporate collapses.
The NCUA reported April 2 that it scored a $165 million win against Wall Street, reaching a settlement with Bank of America over residential mortgage-backed securities losses at failed corporate credit unions. Bank of America did not admit fault as part of the settlement, the NCUA said in a release.
Corporate collapse settlement totals now top $335 million, agency says. Lawyers to get $84 million. Corporate rescue assessment to be determined.
J.P. Morgan, others named in sale of $2.2 billion in failed mortgage-backed securities that led to collapse of WesCorp, U.S. Central and Southwest Corporate.