A report is expected to be released this month on a material loss review of the now-closed CBS Employees Federal Credit Union (Studio City, Calif.), which is estimated to have cost the federal fund that […]
An audit of the federal credit union regulator’s schedule of “other assets and contributed capital” – including the National Credit Union Share Insurance Fund (NCUSIF), the NCUSIF asset management estates and the agency’s operating fund – […]
A statutorily required review has shown that programs of the federal fund that insures savings in credit unions are not susceptible to significant improper payments, defined as those exceeding 1.5% of program outlays and $10 […]
Both of the federal insurance funds for deposits and savings in banks, thrifts and credit unions are outlined in a new report from the congressional watchdog about federal insurance programs overall – but the report […]
More information about a more than $160 million dividend distribution to credit unions from the federal insurer of credit union savings – to be paid in the second quarter of the year (which starts next […]
The fund that insures savings in credit unions had $226.5 million in net income last year and a net position of $15.7 billion as of Dec. 31, according to a report Thursday to the National […]
The March 14 open meeting for the federal regulator of credit unions is expected to be a fairly brief one, with only two items slated for its agenda: a quarterly report on the fund that […]
Federally insured credit unions will receive an equity distribution of more than $160 million this year from the fund that insures savings in the institutions, the credit union federal regulator said Thursday. In a release, […]
“Unmodified” audit opinions were earned by the four funds administered by the federal credit union regulator, the agency announced Friday, making it the second federal financial institution regulator in as many days to announce so-called […]
A one-basis-point reduction, from 1.39% to 1.38%, in the “normal operating level” (NOL) of the federal share (deposit) insurance fund for credit unions was approved by the National Credit Union Administration (NCUA) Board Thursday on […]
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