Regulatory & Compliance

Rumors swirled Monday that U.S. Central Bridge had tumbled deep into a “liquidity crisis,” as one Credit Union Times source put it.

CUNA says proposed NCUA rule not needed because most CUs have plans in place, NAFCU suggests tweaks.

Although government work isn’t always lucrative, 25 NCUA employees make more than $201,000 annually, according to agency records.

The financial statements of the NCUAs four main funds are presented fairly, but there are serious difficulties in the agencys financial accounting, according to an independent audit released on May 16.

ALEXANDRIA, Va. — Credit unions could prepay between $10,000 and 36 basis points of insured shares toward their assessments to pay the costs of the rescue of corporate credit unions under a proposal announced at the May 19 NCUA board meeting.

Community CU leader returns compliments to Lawyers Alliance for New York in enabling small CUs to negotiate federal program.