Credit Union Times | Accurate and Timely CU News

Matz Assures Health of the NCUSIF

By Sarah Snell Cooke

The NCUA is engaged with two audit firms to ensure transparency of the agency's financial statements in full compliance with new accounting rules, Chairman Debbie Matz announced today.

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Senate Begins Debate on Regulatory Reform

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Lawmaker Resolution Shunned, Highway CUs Still Face Closure

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April 28, 2010

MBL CUSOs Urge Businesses to Stand Behind Their Debt

The Regional CUSO Alliance, an association of member business lending CUSOs, said the proposed elimination of personal guarantees would cripple underwriting and punish those credit unions that have not "excessively abused their privileges."

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April 28, 2010

Nonprofit Accounting Could Complicate Legacy Assets

Federal accounting rules for nonprofits may be among the challenges preventing the NCUA from simply adopting the structure of FDIC's March 5 securitization of toxic bank investments.

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April 28, 2010

Mississippi CUs Raise $8,500 for Tornado Victims

Using a cooperative list serve network, Mississippi credit unions are banding together this week to raise funds to help victims of last Saturday's devastating Yazoo City tornadoes.

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April 28, 2010

On Site Coverage: PSCU First CUSO to Offer Visa Transaction Alert Service

PSCU Financial Services is the first CUSO to start offering participating credit unions the Visa Transaction Alert service, according to a Visa executive.

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April 28, 2010

On-Site Coverage: Dollar Works Hard to Find Opportunities in Challenges

At PSCU Financial Services Annaul Forum former NCUA Board Chairman Dennis Dollar strove to find the better side of a number of different challenges facing credit unions today.

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April 28, 2010

On-Site Coverage: NCUA Unveils Proposed Rules for Short-Term Loans

ALEXANDRIA, Va. - Federal credit union alternatives to payday loans could range from $200 to $1,000, have a maximum APR of 1,000 basis points above the interest rate ceiling and charge no more than $20 to apply.

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April 28, 2010

On-Site Coverage: Almost 20% of Insured Shares Are in CAMEL 3 or Higher CUs

NCUA Chief Financial Officer Mary Ann Woodson told the NCUA Board today that 19.5% of insured shares were in credit unions with a rating of CAMEL 3 or higher at the end of March.

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Top News Stories

Matz Assures Health of the NCUSIF

Senate Begins Debate on Regulatory Reform

Lawmaker Resolution Shunned, Highway CUs Still Face Closure

Recommended Just For You

News Stories

MBL CUSOs Urge Businesses to Stand Behind Their Debt

Nonprofit Accounting Could Complicate Legacy Assets

Mississippi CUs Raise $8,500 for Tornado Victims

On Site Coverage: PSCU First CUSO to Offer Visa Transaction Alert Service

On-Site Coverage: Dollar Works Hard to Find Opportunities in Challenges

On-Site Coverage: NCUA Unveils Proposed Rules for Short-Term Loans

On-Site Coverage: Almost 20% of Insured Shares Are in CAMEL 3 or Higher CUs