News

ALEXANDRIA, Va. -- The NCUA Board has approved an assessment of 12.42 basis points that federally insured credit unions must pay to shore up the NCUSIF, which has seen its assets drained because of losses in the credit union system.

LAS VEGAS -- The jury is out on whether Democratic Senate Majority Leader Harry Reid or contender Sharron Angle will win the Senate seat in November, but Las Vegas broadcasters are already winners.

Credit unions received a double dose of good news on the Community Reinvestment Act front today.

The Senate today passed a small business lending bill that includes a $30 billion fund to encourage community bank lending-but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.

LAS VEGAS -- Radian Guaranty CEO Teresa Bryce told credit union mortgage executives that the numbers of foreclosed and distressed properties were weighing down the mortgage market.

After a rush of activity over the last five years, CUSOs that offer exchange-traded funds might see a slowdown in growth over the next four years.