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

Washington
Corp. CU legacy assets rules now in near future
ALEXANDRIA, Va. (9/10/10)--While the National Credit Union Administration (NCUA) has long hinted that new corporate credit union rules and legacy assets proposals would be released at the Sept. 16 open meeting, the NCUA on Thursday said that those matters would be considered at a later date. The NCUA recently told Credit Union National Association (CUNA) staff that greater work is needed before the corporate credit union and legacy asset issues are ready to be released. With the corporate and legacy asset issues absent from the agenda, the main issue of concern to credit unions will likely be the establishment of the National Credit Union Share Insurance Fund (NCUSIF) premium. The NCUA is levying the assessment to rebuild the equity level of the NCUSIF, which was depleted due to multiple credit union failures. CUNA has projected that the NCUA will charge a premium of between 6 and 10 basis points. The general status of the NCUA’s insurance funds will also be discussed during the meeting. The NCUA on Thursday also said it would discuss secondary capital accounts, short-term, small amount loans, and the adoption the Federal Accounting Standards Advisory Board’s (FASAB) financial reporting standards during the open meeting. Implementation of the recently enacted financial regulatory reforms will also be discussed, and the NCUA’s monthly report on the state of its according to the NCUA release. Delegations of authority as well as supervisory activities will be discussed by the board during the closed portion of the meeting. For the full NCUA agenda, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Registration now open for @CUNA @WOCCU summer conference in Denver July 12-15 http://t.co/opq1jypsXL #ACUC #CUinDenver2015
12 hours ago
Emergency loans post- #Blizzard2015 offered by @ScientFCU in Conn. http://t.co/U9tIBzPOZV
13 hours ago
Did you get your spot in the @CUCB #CherryBlossom 10 Mile Run? Check lottery results here http://t.co/6rxT0osyWJ @CU4Kids @CMNHospitals
13 hours ago
@FamilyFirstFCU has implemented a grant program through the FHLB of NY to help first-time home buyers.
14 hours ago
#BREAKING: @federalreserve offers few new hints on rate-hike timing in policy statement http://t.co/lgZ6zZ1Vrr
14 hours ago