ALEXANDRIA, Va. -- CUNA President/CEO Bill Cheney said today's actions were a good first step while NAFCU President/CEO Fred Becker said he was pleased and it could have been worse.

NCUA's final corporate rules simplified limitations on permissible investments for wholesale credit unions.

The California and Nevada Credit Union Leagues announced today they will provide staff support for a newly created Corporate Realignment Task Force.

NCUA today confirmed that it has sought bids on $800 million worth of securities backed by U.S. Central FCU and Western Corporate FCU investments.