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CUNA Predicts Six to 10 Basis Point Increase In NCUSIF Premium

By Claude R. Marx

When the NCUA announces the NCUSIF assessment to cover losses at natural person credit unions in September, it will probably be between six and 10 basis points of insured shares, according to CUNA Chief Economist Bill Hampel.

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Cantwell Backs Financial Overhaul Bill

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Utah Religious Group Challenging CUs on Payday Lending

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Regulatory & Compliance Stories

June 30, 2010

Patriot Express' $500 Million in Loans Helps Returning Military

Nearly $500 million in the SBA's Patriot Express loans have been approved by credit unions and other lenders to help military veterans, reservists and their spouses start and expand their businesses.

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June 30, 2010

NCUA Serves Former U.S. Central Directors and Employees

The NCUA announced today it has served 18 former U.S. Central FCU directors and officers with demand letters, alleging their breach of fiduciary duty contributed to the failed corporate's losses.

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June 30, 2010

Chartway FCU Purchases Southwest Community Assets

The NCUA yesterday liquidated the $139 million Southwest Community FCU of St. George Utah after the credit union failed to improve its financial position.

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June 30, 2010

Chartway Looks Beyond Latest NCUA Driven Acquisition

Chartway Federal Credit Union, headquartered in Virginia Beach, will press its out-of-state expansion arrangements with NCUA, according to its CEO Ronald Burniske.

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June 30, 2010

First Delta FCU Merged With Shreveport FCU

Eight months after placing First Delta FCU into conservatorship following several quarters of difficulties, the NCUA yesterday merged it with Shreveport FCU.

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June 29, 2010

House Passes Financial Overhaul Bill

Despite intense opposition by credit unions and banks, the House today approved a comprehensive financial overhaul bill by a vote of 237-192.

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June 29, 2010

Sen. Udall Offers Small Biz Amendment Today

Sen. Mark Udall (D-Colo.) introduced an amendment to the jobs bill moving through the Senate today to increase credit union business lending authorities.

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