Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CU access to TARP survey CUNA urges comment
WASHINGTON (2/13/09)--The Credit Union National Association (CUNA) is urging member credit unions to answer a new survey about whether or not credit unions should seek access to funds from the federal government's Trouble Asset Relief Program (TARP), a highly controversial issue among credit unions. The legislation that set up TARP last year included credit unions as eligible institutions, but as implemented by the U.S. Treasury Department to date, credit unions have not been included. CUNA Chief Economist Bill Hampel indicated that CUNA has heard from a number of credit unions with very strong opinions on both sides of this issue. “The recent deepening of the economic and financial crisis along with the costs of the National Credit Union Administration's Corporate Stabilization Program has added urgency to the question of credit unions and TARP," he said. “CUNA is considering a number of options, but before making any final decisions we would very much like to hear from as many member credit unions as possible on this issue. Therefore, we are conducting a quick, non-scientific survey," Hampel said. In the survey, CUNA first describes some of the arguments it has heard for and against credit unions gaining greater access to TARP. Credit unions should read the information, consider the arguments and their own views on the subject, and then complete the very brief survey, Hampel instructed. Readers can find out more about the NCUA Corporate Stabilization program and also can access the CUNA TARP survey on the CUNA web site at the links below. For questions regarding the survey, contact Paul Ledin, senior data analyst, at pledin@cuna.com or 800-356-9655, ext. 4389.
Other Resources

RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
4 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
7 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
8 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
8 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
8 hours ago