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Financial Horizons CU hosted an American Hero 5K at the Fallon Churchill Fire Department.
updated 07/27/16 08:58 AM
Financial Horizons CU hosted an American Hero 5K to honor all active and retired military, fire fighters, law enforcement, search and rescue, and paramedics. A total of $2,439.72 was raised and will benefit the following agencies: Fallon Fire Department, Churchill County Sheriff’s Office Deputy’s Association, Fallon Police Department Officers Fund, Churchill County Search and Rescue and Wounded Warriors.

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From the Editors of CU Weekly

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.