A nearly $500 million fourth-quarter other-than-temporary impairment blew through what was left of the $35 billion U.S

NAFCU President/CEO Fred Becker told the Credit Union Times today he thinks the NCUA is "trying something similar" to the FDIC as it attempts to separate toxic assets from corporates seeking recapitalization.

Count the $3.3 billion Corporate One Federal Credit Union among those who disagree with CUNA's Corporate Credit Union Task Force and Members United Corporate Federal Credit Union.

The $41 billion Navy Federal Credit Union today announced it will merge the $604 million United Services of America Federal Credit Union.

The National Credit Union Administration has extended the expiration date of the Temporary Corporate Credit Union Share Guarantee Program another quarter, through June 30, 2012.

Corporate credit unions are collectively turning up their noses to the same proposed amendments to the NCUA's Part 704 regulation.

In its attempt to limit investment risk, the NCUA's proposed Part 704 regulations may actually increase risk, according to some corporates.

CUNA wants a pared down corporate credit union system that requires little new capital from natural person credit unions.