News

During its closed session next Tuesday, the NCUA is planning to consider a proposal to extend its guarantees of natural person credit union deposits in corporate credit unions, NCUA Executive Director David Marquis said today.

Three quarters of the respondents to NAFCU's Flash survey said they wanted limits on who could invest in their secondary capital and 46.5% of them wanted secondary capital restricted to members of that credit union.

With the message of encouraging credit unions to seize market share, NCUA Vice Chairman Rodney Hood will be one of the keynote speakers at NACUSO's annual conference in May.

Instead of investing the $12 million their parishioners entrusted to them, seven leaders of a Queens, N.Y. church used the money to purchase luxury cars, jewelry, clothing, meals and foreign trips, the Securities and Exchange Commission said.

A potentially less aggressive stance with deposit pricing and meeting asset growth targets as a result of the net worth ratio impact of NCUSIF assessments could affect membership growth, according to CUNA Mutual Group's latest Trends Report.

In a bad economy, Autoland has seen some bright light the past couple of months as California residents scrambled to beat an impending sales tax increase.