News

NCUA Chairman Debbie Matz said she fully recognizes the legitimate anger many feel as a result of corporate credit union losses. Many blame the NCUA, particularly at seized U.S. Central FCU and Western Corporate FCU, where two examiners worked on-site.

Even after NCUA announces its plan to dispose of $50 billion worth of toxic corporate assets, NCUA Chairman Debbie Matz said natural person credit unions must still make tough choices regarding the future of the corporate system.

NCUA Chairman Debbie Matz told 800 Texas Credit Union League members yesterday she's dedicated 20 "top staff" to developing a plan to dispose of $50 billion worth of corporate toxic assets.

The NCUA was named receiver/liquidator of South End Mutual Benefit Association in Connecticut after the state decided to close the state-chartered credit union, which had $2.4 million in assets.

A New York CUSO is offering free credit reports and scores to qualifying users of its loan-rate matching service.

Credit union staff members and volunteers interested in learning about some of the best practices in online services can attend a May 5 Webinar sponsored by the NCUA and the CUNA Technology Council.