Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Banking Commissioner testifies on N.J. CUs strength
TRENTON, N.J. (2/25/09)--New Jersey Commissioner of Banking and Insurance Steven Goldman noted the strength of the state's credit unions when he testified at a legislative committee hearing on the global economic crisis and the condition of banking and financial services industry in the state. During his testimony before the New Jersey Assembly Financial Institutions and Insurance Committee, Goldman commented that "New Jersey state-chartered credit unions have a combined net worth ratio--that is, ratio of net work to total assets--of 13.83%, which is well above the minimum capital ratio of 6%," said the New Jersey Credit Union League (The Weekly Exchange Feb. 16). Committee Chairman Gary S. Schaer (D-36) noted that the state "is probably in better shape than many of us have thought and understood." Also testifying were representatives from the Federal Reserve Bank of New York, New Jersey Economic Development Authority, New Jersey Bankers Association, and WISS & Co.


RSS print
News Now LiveWire
In just over a year, @SaveToWinWA generates more than $1M of savings in 6 #creditunions http://t.co/rszMd0SZVv
8 minutes ago
Even the pest guy is a cybersecurity risk: http://t.co/Tqq4qfOgcq
1 hours ago
.@SCTelco_FCU among best places to work in S.C. via @TheCCUL http://t.co/PJnjOArfm8
2 hours ago
#IceBucketChallenge in D.C. today: @HampelBill with help from some @CUNA staff http://t.co/3iOqE2KSjd
3 hours ago
P2P mobile payments draw millennials' interest via @BloombergNews http://t.co/uoO2anjCsV
5 hours ago