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On-Site Coverage: Cram-Down Could Be Combined With Deposit Insurance Hike

By Claude R. Marx

WASHINGTON - Congress may make credit unions swallow some bitter medicine to go along with the sugar.

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On-Site Coverage: Mica Says TARP Money Not Ideal But Necessary Backup

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On-Site Coverage: CLF Hike is Part of Spending Measure to Be Considered Wednesday

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Regulatory & Compliance Stories

February 19, 2009

Becker Calls for NCUA-PIMCO Transparency

The NCUA should be more forthcoming about the terms of its deal with the Newport Beach, Calif.-based Pacific Investment Management Co., which it hired to determine the value of corporate credit union investments, said NAFCU President Fred Becker.

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February 19, 2009

CUNA Urges Lawmakers to Keep CLF at Current Level

Any bill that funds the federal government should include a provision to keep the Central Liquidity Facility's loan ceiling at $41 billion, CUNA President/CEO Dan Mica wrote lawmakers today.

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February 19, 2009

On-Site Coverage: CLF Stocks Arsenal to Preserve Liquidity

ATLANTA -- The NCUA Central Liquidity Facility is "using everything in its arsenal to keep liquidity flowing," Owen Cole, director of the agency's Office of Capital Markets and Planning, reminded credit unions.

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February 19, 2009

NAFCU Urges Lawmakers to Keep CLF Increase Permanent

Noting that "the need for additional liquidity can arise very quickly,'' a NAFCU official is asking lawmakers to keep the Central Liquidity Facility's borrowing ceiling at $41 billion.

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February 19, 2009

Filene Research Wants You

The Filene Research Institute wants your help to find opportunities for credit union innovation in the recently passed economic stimulus package.

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February 18, 2009

CUNA's GAC to Feature Key Lawmakers and Regulators

The chairmen of the committees that oversee financial issues, the top Republican in the House and all three NCUA board members are among the speakers at CUNA's Government Affairs Conference which starts on Monday.

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February 18, 2009

House Panel to Discuss Monetary Policy and Loan Modifications

WASHINGTON - Federal Reserve Chairman Ben S. Bernanke is scheduled to give his semi-annual report on monetary policy during a hearing of the House Financial Services Committee next Wednesday.

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