News Flash! Digital disruption is rapidly changing the financial services marketplace, and you need to ACT NOW if you wish to remain relevant. The above really isn’t “new” news. Since the advent of the [...]
Corporate credit unions, reimbursement of credit union officials and employees, and Bank Secrecy Act (BSA) regulations are the subject of a new CUNA letter to the National Credit Union Administration. The agency accepted comments on [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
