Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<p>ALEXANDRIA,Va. – There were two corporate CU items covered in NCUA’s December closed board meeting. NCUA approved a request from U.S. Central to waive certain provisions of Part 704, the corporate reg. The waiver allows U.S. Central to invest in asset-backed commercial paper with a minimum short-term credit rating of P-1; domestic commercial mortgage backed securities; and shares of Goldman Sachs Financial Square Government Fund and Goldman Sachs Financial Square Prime Obligations Fund, provided the investments per Fund does not exceed 100% of its capital. The board also approved the appointment of Kent Buckham as Acting Director of the Office of Corporate CUs. Buckham is currently deputy director. He will assume duties on Jan. 3, the effective date of Robert Schafer’s previous announced retirement as Director of the Office of Corporate CUs. Schafer has been with NCUA in 1967. He assumed his current position in 1996.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.