News

Owners of depleted corporate capital aren't likely to get it back, even if loss estimates that supported the write-downs were too high, according to a statement issued Nov. 16 from NCUA Chairman Debbie Matz.

Though 23% of credit union executives surveyed said their institution experienced an increase in liquidity risk, 59% of respondents don't expect a change during the next year, according to NAFCU's Flash Report.

The South Carolina Credit Union League is downsizing its board next year from 14 to seven and extending director terms to three years.

Saying that "lending limits should be regulatory, not statutory," NCUA Chairman Debbie Matz wrote a senior Treasury Department official to raise or eliminate the statutory limit on member business loans.

The $18 billion State Employees' Credit Union is trying to find a soft spot with the IRS as the cooperative continues to make the case that it can help the agency find recipients of unclaimed tax refunds.

Credit unions reported increased delinquencies and charge-offs and modest returns on average assets but also saw increases in assets and shares, according to data released today by the NCUA.