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NCUA APPROVES CORPORATE ASSESSMENT
updated 07/25/13 12:32 PM
Lower Than 2012 Assessment
A Temporary Corporate Credit Union Stabilization Fund assessment of eight basis points has been approved by the National Credit Union Administration (NCUA) board for federally insured credit unions, which will bring in more than $700 million in October, the agency announced.

The 2013 assessment is 1.5 basis points lower than the 2012 assessment.

It's also "at the lowest end of the projected range of 8 to 11 basis points announced for budgeting purposes at the November 15, 2012, open board meeting," the NCUA stated in a news release. "This lower assessment reflects the strong performance of the legacy assets, success in securing legal settlements, and a steadily improving economy."

NCUA will use the funds to repay at least $650 million in stabilization fund borrowings from the Treasury Department in November and "maintain an adequate cash reserve."

Click here to read NCUA's update on the corporate assessment, and other items from its latest open board meeting.

 
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'BIG DATA' SPOTLIGHT: RISK OR REWARD updated 10/22/14 12:06 PM
Three Panelists Share Opinions
With Alessandro Acquisti as moderator, Wednesday’s audience was treated to a lively discussion—and a bit of back-and-forth debate—on the use of “big data” at credit unions and its ramifications.

SPEAKER DELVES INTO DATA PRIVACY updated 10/22/14 11:57 AM
The Credit Union Connection
As the Big Data Panel during REACH 2014 kicked off on Wednesday, it was apparent “big data” is everywhere and infiltrates all facets of our lives. But how much do consumers value their privacy, and what does it mean for credit unions?

SOCIAL CHARM: INGREDIENT FOR SUCCESS updated 10/22/14 07:59 AM
Chen Lizra at REACH
“Engagement” is one of the top buzz words circulating around REACH 2014—and TED speaker, business consultant, and author Chen Lizra shared some unique insights during the general session on Tuesday. Her buzz word: “social charm.”

INNOVATION PANEL SPURS TAKE-AWAYS updated 10/22/14 05:21 PM
Three CU Industry Perspectives
Attendees at REACH 2014 received a plethora of ideas from Tuesday’s innovation panel to take back to their credit unions—not the least of which included more interaction between employees and leaders, and free-flow of ideas from the bottom up.