Regulatory & Compliance

An estimated 0.15% share insurance premium for 2009 represents a decrease from the NCUA's earlier 0.30% estimate.

The NCUA would maintain its authority over credit unions, but there would be a new agency to regulate many of the financial products issued by credit unions,

CUNA President/CEO Dan Mica wrote President Obama yesterday to express the group's appreciation for keeping the NCUA as a separate agency in the administration's regulatory restructuring plan.

National Credit Union Roundtable members organizing an effort to catalogue and analyze securities held by U.S. Central FCU and Western Corporate FCU don't doubt the NCUA's reported loss estimates.

Alaska USA Federal Credit Union will buy the assets of High Desert Federal Credit Union, which the NCUA has been operating under conservatorship since October 2008.

A trio of small Wisconsin credit unions are apparently in merger mode this month with two of them under the gun of the NCUA and all linked to last February's collapse of Central States Mortgage Co., the Wauwatosa, Wis. CUSO now in liquidation.