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."
SEPTEMBER: NAT'L PREPAREDNESS MONTH updated
09/17/14 09:13 AM
CO-OP Reminds CUs to Be Ready
The magnitude 6.1 earthquake that struck Napa, CA on Aug. 24 serves as a reminder for vigilant disaster preparedness, as members depend on their credit unions more than ever in times of emergency.
ARTICLES CALL ON LAWMAKERS TO ACT updated
09/15/14 02:07 PM
Data Breaches in Focus
Various opinion articles defending the credit union movement’s stance on data breaches were published in five regional and community newspapers across California and Nevada within the past week as the latest data theft incident at national retailer Home Depot continues to be critiqued in the media spotlight.
GAIN EXPERIENCE ON LEAGUE COMMITTEE updated
09/15/14 01:21 PM
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LEAGUE ADVOCACY BLOG GAINS TRACTION updated
09/12/14 04:13 PM
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The new Advocacy Blog launched by the California and Nevada Credit Union Leagues in August is gaining steam as more credit union advocacy professionals and others in the industry continue signing up to receive e-mail alerts on important state and federal updates.