Credit Union Times | Accurate and Timely CU News

New U.S. Central Losses Result in 63% MCS Impairment

By Heather Anderson

New OTTI charges announced today by the $31.5 billion U.S. Central Federal Credit Union means the seized corporate must increase its impairment to membership capital shares, which will trickle down to member corporates.

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Senate Panel Endorses Matz

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Members United Records $82 Million OTTI

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July 30, 2009

Accounting Forces CLF to Pull Funds Out of U.S. Central

The NCUA determined that pulling the Central Liquidity Facility funds from U.S. Central would be the only way to continue helping it and the credit union system at large.

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July 29, 2009

CU*Answers, Talaris Join in Cash Automation

CU*Answers is now offering the 165 credit unions in its network the cash automation solutions of Talaris.

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July 29, 2009

House Passes Flood Insurance Extension

The House yesterday passed a measure to extend the National Flood Insurance Program through next March and also made communities with state or locally funded levee improvements eligible for some federal funding.

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July 29, 2009

Remote Capture Goes Global at State Department FCU

The "remote" in remote deposits for credit unions will be taking on a whole new meaning as State Department FCU deploys the technology around the world.

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July 29, 2009

GAO Official Urges Changes to SBA Loan Programs

The Small Business Administration should delegate less decision-making power to lenders in a key government lending program an official of the Government Accountability Office told lawmakers yesterday.

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July 29, 2009

Sizable Registration Dip Eyed for Directors' Conference

The clampdown on travel and conference expenses seems to be taking a sharp bite out of next week's big meeting of credit union directors in Las Vegas.

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July 29, 2009