Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA regulators urge fin. inst. to aid oil spill victims
WASHINGTON (7/15/10)—Credit unions should work with their members and “consider measures to assist creditworthy borrowers” that have been affected by the environmental disaster caused by the ongoing oil spill in the Gulf of Mexico, the National Credit Union Administration (NCUA) said on Wednesday. The NCUA joined banking and thrift regulators, including the Federal Reserve Board and the Federal Deposit Insurance Corp., in stating their commitment to working with the financial services industry “to respond to issues that arise in the aftermath of the Gulf oil spill and to minimize disruption and the burden on banks and credit unions in affected areas.” Those agencies have directed their examiners to “consider the unusual circumstances of banks and credit unions in affected areas in determining the appropriate supervisory response to safety-and-soundness issues.” For the full release, use the resource link.
Other Resources

RSS print
News Now LiveWire
#NewsNow @MountainAmerica among top 100 worldwide in HR management http://t.co/QqfzOSTkiA
1 hours ago
Missouri #creditunions embrace Bank on More SUV sweepstakes #NewsNow http://t.co/yjD1qNt68T
1 hours ago
In letter to Pres Obama, @CUNA CEO @Nussle urges natl action on cybersecurity, breaches #NewsNow http://t.co/rZFzSXWJOP
1 hours ago
Bank ATM fees continue to climb. Credit unions? Not so much. #NewsNow http://t.co/7nfcqusVuM
2 hours ago
NCUA 2day liquidated Republic Hose Employees FCU,Youngstown,Ohio, after determining the CU was insolvent w/no prospect for viable operations
3 hours ago