News

NCUA's legacy assets plan will create a "good bank, bad bank" structure similar to a strategy previously utilized by FDIC.

NCUA today announced the Temporary Corporate Credit Union Stabilization Fund has been extended to June 30, 2021, with the concurrence of Treasury Secretary Timothy F. Geithner.

Credit unions will be allowed to purchase securitized legacy assets, said NCUA Deputy Executive Director Larry Fazio.

VSoft Corp. and PM Systems Corp. are now offering their image capture and online banking platforms as an integrated Web presence for credit unions to present their members, the companies said.

Nine months after the Haiti earthquake, the Pennsylvania Credit Union Association and its foundation are teaming up with Mid-Atlantic Corporate FCU to send a delegation to the country this Monday to assess aid help.

NCUA today placed three corporate credit unions into conservatorship: the $7.4 billion Members United Corporate FCU, the $9.5 billion Southwest Corporate FCU and the $1.2 billion Constitution Corporate FCU.