Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Corporate Central well-capitalized on new measures
MUSKEGO, Wis. (3/15/11)--With the support of existing members and a stream of new capital members, Corporate Central CU in Muskego, Wis., has achieved the “well-capitalized” mark across all capital measures of the new National Credit Union Administration corporate credit union regulations. Results indicate:
* Tier 1 (core) capital ratio stands at 5.10%, above the 5% well-capitalized mark; * Tier 1 (core) risk-based capital ratio is 30.87%, above the 6% well-capitalized mark; * Total risk-based capital ratio jumped to 61.37%, ahead of the 10% well-capitalized measure; * Total capital ratio stands at 10.13%; and * Retained earnings ratio is 1.30%, more than two-and-a-half times the three-year 0.45% regulatory requirement.
Equally as important to capital is the net economic value (NEV) of a corporate credit union’s balance sheet, said Corporate Central. NEV measures the value by taking the fair value of assets minus the fair value of liabilities. The regulations require a minimum NEV ratio of 2%. Corporate Central CU has a base-case NEV ratio of 11.25%. “At a time when others are redefining business models, shrinking balance sheets and formulating capital building plans, Corporate Central CU stands strong and well-prepared to provide solutions for credit unions and to continue responsible growth today,” said Robert W. Fouch, president/CEO. “The key to our success has always been the support of our members and the stewardship responsibility demanded by our board of directors,” he added. “Strong governance ensured no capital impairment for our members; resounding commitment from members enables strength going forward; and steadfast pursuit of member service excellence by all staff contributes to a successful future.” Corporate Central CU offers independent correspondent services delivered through partnerships serviced by Corporate Central staff. All investment and liquidity products historically provided to members continue today. Also, the corporate has partnered with Sallie Mae to offer the Sallie Mae Smart Option Student Loan program.


RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
6 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
6 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
8 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
9 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
9 hours ago