News

NCUA's sale of $800 million worth of U.S. Central FCU and Western Corporate FCU securities announced yesterday wasn't part of the regulator's legacy assets plan.

NCUA's final corporate rules simplified limitations on permissible investments for wholesale credit unions.

The California and Nevada Credit Union Leagues announced today they will provide staff support for a newly created Corporate Realignment Task Force.

A $650,000 government loan administered by the GPO Federal Credit Union will be used to renovate a stone mill built in 1839 to include tourism and business spaces.

In general, the NCUA Board adopted most of the corporate capital and retained earnings requirements originally proposed in January 2009.

Credit unions with fewer than 100 branches can sign up for a program aimed at recognizing financial institutions that expend extra effort to promote direct deposit for recipients of federal benefits.