Credit Union Times | Accurate and Timely CU News

Corporate Stabilization Included, but Cramdown Out of Senate Housing Bill

By Claude R. Marx

The NCUA's proposal to create a stabilization fund for corporate credit unions will be included in a housing bill that the Senate is scheduled to consider on Thursday.

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FDIC's Bair Makes Push to Give Agency More Regulatory Power

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PSCU Works to Limit CU Card Reserve Requirements

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April 27, 2009

Media Reports Say Specter to Switch Parties

In a move that brings the Democrats a step closer to a 60-seat majority that could enable it to block filibusters, Sen. Arlen Specter (R-Pa.) is expected to cross the aisle and join the majority party, according to several media reports.

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April 27, 2009

Las Vegas-Based Community One Falls to 2% Capital

Share insurance fund premiums and impairments hit the $162 million Community One Federal Credit Union especially hard, helping to knock the Las Vegas-based credit union down to 2% capital, including optional assets.

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April 27, 2009

Burns Lands at Patelco

Effective May 1, Ken Burns will take over the corner office at Patelco Credit Union in San Francisco. Patelco's current CEO, Andy Hunter, announced his intended retirement last July.

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April 26, 2009

CU Backed Candidate Tedisco Concedes U.S. House Race

James Tedisco, a Republican who was backed by CUNA and the Credit Union Association of New York in a special election to the U.S. House, conceded defeat on Friday, almost a month after the election.

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April 26, 2009

Eastern Financial Florida CU, Space Coast CU to Merge

Three days after Eastern Financial Florida Credit Union was placed in convservatorship by NCUA, the $1.8 billion credit union will merge with Space Coast Credit Union, it was announced late today.

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April 26, 2009

NCUA: Not Confirming Eastern Financial Merger, Exploring Options

NCUA spokeswoman Cherie Umbel told Credit Union Times that it can not confirm that Eastern Financial Florida Credit Union will merge with Space Coast Credit Union.

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April 26, 2009

Becker to NCUA: Match the Federal Reserve's Transparency

If the Federal Reserve can release the parameters of stress testing on the 19 largest U.S. banks, why can't credit unions review the NCUA's corporate loss methodology?

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Top News Stories

Corporate Stabilization Included, but Cramdown Out of Senate Housing Bill

FDIC's Bair Makes Push to Give Agency More Regulatory Power

PSCU Works to Limit CU Card Reserve Requirements

Recommended Just For You

News Stories

Media Reports Say Specter to Switch Parties

Las Vegas-Based Community One Falls to 2% Capital

Burns Lands at Patelco

CU Backed Candidate Tedisco Concedes U.S. House Race

Eastern Financial Florida CU, Space Coast CU to Merge

NCUA: Not Confirming Eastern Financial Merger, Exploring Options

Becker to NCUA: Match the Federal Reserve's Transparency