Credit Union Times | Accurate and Timely CU News

Federation to Help CDCU's Apply for Stimulus Money

By David Morrison

The National Federation of Community Development Credit Unions is launching a concerted effort to help community development credit unions apply for money available from the Treasury's Community Development Financial Institutions Fund.

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Filson Questions NCUA Conservatorships

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On-Site Coverage: Mica Pushes Lifting MBL Cap; Dodd Raises Concerns

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March 23, 2009

WesCorp Members Lose 100% of PIC, Member Capital

NCUA Executive Director David Marquis dropped a bombshell on members of Western Corporate Federal Credit Union yesterday afternoon: their paid-in capital and member capital is gone.

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March 23, 2009

Pollack Urges Longer NCUSIF Re-Funding

Frank Pollack, the president/CEO of the $13 billon Pentagon Federal Credit Union, urged the NCUA Tuesday to work toward lengthening the payment schedule over eight years to re-fund the NCUSIF.

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March 23, 2009

The Golden 1 Purchases $500 Million State Note

The $7 billion The Golden 1 Credit Union yesterday purchased a $500 million private placement, short-term revenue anticipation note from the State of California, which the state issued to make up for budget shortfalls.

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March 23, 2009

On-Site Coverage: Mica Asks for Loans to Deal With Corporate Woes

CUNA President Dan Mica told a Senate panel today that the credit union movement "would prefer some help'' from the government help in the form of loans to help spread out the cost of losses to the NCUSIF.

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March 22, 2009

Geithner Unveils Plan to Buy Bad Assets

Private investors and the government would work together to buy bad assets to help financial institutions get back on their feet, under a plan unveiled today by Treasury Secretary Timothy Geithner.

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March 22, 2009

NCUA Devising Proposal for NCUSIF Funding

NCUA Chairman Michael E. Fryzel said today that his agency is putting together a proposal would create a new mechanism to replenish the NCUSIF.

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March 22, 2009

Foundation Assessing What Corporate Changes Might Mean

National Credit Union Foundation Executive Director, Stephen Delfin, said the foundation doesn't expect NCUA's take over of US Central and WesCorp corporate credit unions to have an immediate impact on its operations.

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Top News Stories

Federation to Help CDCU's Apply for Stimulus Money

Filson Questions NCUA Conservatorships

On-Site Coverage: Mica Pushes Lifting MBL Cap; Dodd Raises Concerns

Recommended Just For You

News Stories

WesCorp Members Lose 100% of PIC, Member Capital

Pollack Urges Longer NCUSIF Re-Funding

The Golden 1 Purchases $500 Million State Note

On-Site Coverage: Mica Asks for Loans to Deal With Corporate Woes

Geithner Unveils Plan to Buy Bad Assets

NCUA Devising Proposal for NCUSIF Funding

Foundation Assessing What Corporate Changes Might Mean