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NCUA and Trades Praise House Passage of Economic Bill

By Claude R. Marx

WASHINGTON -- NCUA Chairman Michael E. Fryzel said the House bill passed today on illiquid asset purchases and deposit insurance will strengthen his agency's ability to regulate during the current economic downturn.

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Texas League Debuts Safety-Soundness Tool Kit

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House Approves Asset Plan/Deposit Insurance Hike

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Regulatory & Compliance Stories

October 03, 2008

House Approves Asset Plan/Deposit Insurance Hike

WASHINGTON -- In a dramatic reversal of its vote four days ago, the House today approved 263-171 a bill to create a $700 billion fund to purchase illiquid assets from credit unions and other financial institutions and temporarily raise the amount of deposit insured by the federal government.

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October 03, 2008

Fryzel Warns Credit Unions Not to Criticize the Safety of Bank Deposits

WASHINGTON -- Credit unions should not question the safety of bank deposits in an effort to gain more members, NCUA Chairman Michael E. Fryzel wrote in a letter to the leaders of federal credit unions.

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October 03, 2008

Once Again, California Governor Vetoes Card Security Bill

SACRAMENTO, Calif. -- Once again, California Governor Arnold Schwarzenegger has vetoed a card data security bill which the state legislature passed overwhelmingly.

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October 03, 2008

House Scheduled to Vote Today on Economic Bill

WASHINGTON -- All eyes will be on the U.S. House when it votes today on an economic package that includes raising the amount of credit union deposits that are federally insured and creates a fund that buys illiquid assets from credit unions and other financial institutions.

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October 03, 2008

House Scheduled to Vote Today on Economic Bill

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October 02, 2008

Bush Mentions Credit Unions During Talk on Finance Rescue Measure

WASHINGTON -- President Bush emphasized that the amount of credit union deposits covered by federal share insurance would temporarily increase under the bill working its way through Congress.

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October 02, 2008

NCUA Issues Federal Charter for CU at Dallas Church

ALEXANDRIA, Va. -- The NCUA has granted a federal charter to Oak Cliff Christian Federal Credit Union, Dallas, the agency announced today.

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