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...

NCUA Chairman McWatters: Equity Ratio of 1.30 Percent Not Sufficient to Weather 2007-2009 Recession "Credit News 24"

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

TCCUSF to Close in 2018, NCUSIF NOL Increased to 1.39 Percent "Credit News 24"

The National Credit Union Administration (NCUA) Board voted to close the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) in 201...

NCUSIF Equity Ratio of 1.30 Percent Is Not Normal "Credit News 24"

The National Credit Union Administration (NCUA) Board is proposing to increase the normal operating level of the National Credit Union Share...

NCUA Proposes to Close TCCUSF and Raise NCUSIF Equity Ratio to 1.39 Percent "Credit News 24"

The National Credit Union Administration (NCUA) Board is seeking comment on a proposed plan to close the Temporary Corporate Credit Union St...

IG: Four CUs Caused Losses to NCUSIF Between October 1, 2016 and March 31, 2018 "Credit News 24"

Four credit unions caused losses to the National Credit Union Share Insurance Fund (NCUSIF) between October 1, 2016 and March 31, 2018, acco...

Group Asks NCUA to Stop Bullying Medallion Owners "Credit News 24"

The Committee for Taxi Safety has requested that the National Credit Union Administration (NCUA) stop its assault on the taxi industry and s...

NCUSIF Reserve Balance Increased by $49 Million During the First Quarter of 2018 "Credit News 24"

The National Credit Union Administration reported that reserve expenses for the National Credit Union Share Insurance Fund (NCUDIF) increase...

McWatters Outlines His 15-Point Plan for Loosening CU Regulation "Credit News 24"

National Credit Union Administration (NCUA) Acting Chairman J. Mark McWatters discussed his 15-point plan of loosening credit union regulati...

MLR: Alleged Fraud Caused Failure of Six Small Pennsylvania CUs "Credit News 24"

A Material Loss Review (MLR) by the National Credit Union Administration (NCUA) Office of Inspector General (OIG) found that Chester Upland...

Reserves for NCUSIF Losses Rose in 2017 "Credit News 24"

Reserves to cover potential losses to the National Credit Union Share Insurance Fund (NCUSIF) rose in 2017, according to the National Credit...

Additional Thoughts on Melrose "Credit News 24"

While I have commented on Melrose Credit Union's solvency, I have not focused enough attention on Melrose's liquidity position. Duri...

Privately-Insured Credit Unions and Stabilization Fund Rebate Assessment "Credit News 24"

When the Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) is closed, credit unions insured by American Share Insuran...

IH Credit Union, Inc. Becomes Privately Insured "Credit News 24"

The National Credit Union Administration approved IH Credit Union, Inc. (Springfield, OH) conversion from federal share insurance to private...

NCUA Makes Case for NCUSIF Premium, Says Impact on CUs Will Be Minimal "Credit News 24"

National Credit Union Administration (NCUA) Chairman Rick Metsger in a January 6, 2018 letter to Rep. Sean Duffy (R -WI) stated "a prem...

Rep. Duffy Seeks Answers to Impact of NCUSIF Premium on CU Lending and Operations "Credit News 24"

In a letter to National Credit Union Administration (NCUA) Chairman Rick Metsger, Rep. Sean Duffy (R - WI) requested that the NCUA Board car...

Bankruptcy Filing Affidavit Claims the Price of NYC Taxi Medallions As Low As $250,000 "Credit News 24"

A recent Chapter 11 bankruptcy filing of a taxi medallion owner placed the value for New York City (NYC) taxi medallions as low as $250,000....

The Number of Problem CUs Fell During Q3 2017; 2018 NCUSIF Premiums Estimated Between 3 and 6 Basis Points "Credit News 24"

The National Credit Union Administration (NCUA) reported today that the number of problem credit unions fell during the third quarter; but s...