Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
.@TheNCUA releases regulatory modernization initiative results (PDF link) http://t.co/pgLZe4aget
20 minutes ago
#FinCEN seeks nominations of FIs, trade groups for membership on Bank Secrecy Act advisory group http://t.co/l5w58c277W
1 hours ago
MI pediatric dentist pledges $20K match to Hurley Children's Hospital if it wins @CUDirect's 20 for 20 http://t.co/Eq2nIPm6jo
1 hours ago
Kids learn budgeting with M&Ms http://t.co/SzXipTLX12
2 hours ago
Neb. #creditunions report widespread growth: 3Q review #NewsNow #system http://t.co/BavEljz15w
3 hours ago