Posts Tagged ‘Corporate Credit Unions’

Stabilization Assessment Expense Taken In July

Now that NCUA has declared the 8-basis-point assessment for corporate stabilization, the agency says credit unions should record that expense for this July. The assessment, declared last Thursday by the NCUA Board, will be based [...]

WesCorp’s Legacy Losses Outpace Other Corporates

BY HEATHER ANDERSON According to legacy asset loss estimates provided to Credit Union Times by the NCUA, investments made by Western Corporate FCU are generating far more losses than those that were made at other [...]

NCUA Writes Corporates On Credit Ratings

NCUA sent corporate credit unions a guidance letter Thursday on how to assess the creditworthiness of a security, in compliance with the NCUA's final rule on alternatives to the use of credit ratings published last [...]

Corporate Credit Unions Subsidized by Federal Safety Net

By Keith Leggett During the Financial Crisis, corporate credit unions received a significant subsidy from the Federal safety net, as the financial conditions of corporate credit unions deteriorated. Five corporate credit unions failed during the [...]

Corporate Stabilization Estimate Down $400 Million

NCUA yesterday reduced the upper end of its total projected assessments on credit unions for corporate stabilization by $400 million, leaving NCUA’s current estimate of future assessments to credit unions between $1.9 billion [...]

Stay connected to the credit union community with our free newsletter!

Delivered to the inboxes of thousands of credit union leaders daily.

You have Successfully Subscribed!