Credit News 24

Friday, October 19, 2018 NCUA NCUSIF

NCUA Reports An Increase in NCUSIF Loss Reserves by Almost $78 Million In September "Credit News 24"

The National Credit Union Administration increased National Credit Union Share Insurance Fund reserves for losses to $286 million at the end...

The number of problem credit unions fell during the third quarter of 2018, according to the National Credit Union Administration. At the end...

The National Credit Union Administration's Office of Consumer Financial Protection and Access is providing guidance to insured credit un...

Wednesday, October 17, 2018 HQ Spending Big

Summit Credit Union (Madison, WI) has broken ground on its new 152,000-square-foot, six-story headquarters building in Cottage Grove. The ne...

The Illinois Division of Financial Institutions suspended the operations of Route 1 Credit Union (Paris, IL) for 60 days. The state regulato...

The Federal Reserve reported that small loans to businesses have grown rapidly in the the post-recession period, according to a Report to th...

The state of Illinois announced on October 5 that it was amending the suspension order for St. Elizabeth Credit Union (Chicago, IL). The Ill...

National Credit Union Administration Chairman McWatters sets the record straight that the National Credit Union Share Insurance Fund's N...

Crain's New York Business is reporting that eight New York Democratic lawmakers wrote National Credit Union Administration (NCUA) Chairm...

Depository institutions need to plan for higher cost of funds, as higher interest rates cause depositors to shift to higher yielding deposit...