United Texas CU Abandons Federal Charter and Becomes Privately Insured "Credit News 24"

United Texas Credit Union (San Antonio, TX) has switched from a federal to state charter and converted from federal to private share insuran...

Another Ohio CU Defects from Federal Share Insurance "Credit News 24"

The National Credit Union Administration approved on March 27 the request of GenFed Financial Credit Union (Akron, OH) to switch from federa...

GAO: ASI Reserves Are Adequate to Cover Future Losses, But High Geographic and Deposit Concentration Poses Risk "Credit News 24"

In a recent report, the Government Accountability Office (GAO) found that American Share Insurance (ASI) has adequate reserves and has stron...

78 Privately Insured CUs Eligible for FHLBank Membership at the End of 2015 "Credit News 24"

The Fixing America’s Surface Transportation Act (FAST Act) authorized Federal Home Loan Bank (FHLBank) membership for eligible privately ins...

GAO: Privately Insured CUs Comply with Disclosure Requirements; But Rules Can Be Clarified "Credit News 24"

The Government Accountability Office (GAO) reported that privately insured credit unions largely complied with the Bureau of Consumer Financ...

DayMet Credit Union Becomes Privately Insured "Credit News 24"

The National Credit Union Administration on January 30th approved the application of DayMet Credit Union (Dayton, OH) to switch from federal...

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...