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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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REGULATORY REACTION: HIT OR MISS updated 07/30/14 09:50 AM
Leaders Discuss the Changing Landscape
The credit union industry’s overwhelming response in sending more than 2,000 letters to the National Credit Union Administration (NCUA) on the agency’s risk-based capital proposal is extremely rare. So what’s different this time around?

STATE CANDIDATE VISITS CU LEADERS updated 07/29/14 11:06 AM
Bates Engages With CEOs, Staff
Credit union leaders in Orange County gathered at Eagle Community CU last week to meet with Fifth District County Supervisor Pat Bates.

WCMS HONORS 2014 GRADUATING CLASS updated 07/29/14 09:58 AM
Weidler Receives 'Highest Honors'
Nearly 90 students from the “Mu” Class proudly received their Western CUNA Management School (WCMS) diplomas last Thursday night at Pomona College in Claremont, CA, where a lively audience cheered another successful send-off of credit union leaders who are devoted to keeping the credit union philosophy alive.

NATIONAL REG ADVOCACY TOOL LAUNCHED updated 07/25/14 01:55 PM
'PowerComment' Combats Burdens
PowerComment, a highly-interactive online resource that helps credit unions take their regulatory concerns directly to regulators, was officially announced today during the summer American Association of Credit Union Leagues (AACUL) meeting.