Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CU HARP application period extended to Dec. 29
ALEXANDRIA, Va. (12/19/08)--The National Credit Union Administration (NCUA) has extended the application period for credit union participation in the Credit Union Homeowners Affordability Relief Program (CU HARP) by ten days. Credit unions now have until Dec. 29 to submit an initial request to participate in the CU HARP program. CU HARP is designed to help credit unions modify mortgage terms to assist delinquent borrowers or borrowers facing undue hardships. The NCUA estimates CU HARP will provide interest rate relief to 10,000 households. It also estimates that about 600 credit unions are eligible for the program. The NCUA this week hosted an audio conference jointly with the Credit Union National Association and the National Association of Federal Credit Unions to address credit union questions about CU HARP and its companion initiative, the Credit Union System Investment Program (CU SIP). Under CU SIP, participating creditworthy credit unions would borrow from the NCUA's Central Liquidity Facility and invest the proceeds in participating corporate credit unions. Use the resource links below to access the NCUA's archived audio conference and program details for CU HARP and CU SIP.
Other Resources

RSS print
News Now LiveWire
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
26 minutes ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
39 minutes ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
43 minutes ago
Reps. Sherman, Woodall and Heck speak about why they support CU tax status at The Hill forum. http://t.co/fMgBRCJoML
49 minutes ago
FOMC: QE likely to end next month #NewsNow #Market http://t.co/akBwP1Dq13
56 minutes ago