Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CU action urged on NCUSIF provisions
WASHINGTON (4/30/09)—With a Senate vote fast approaching on its bill to prevent mortgage foreclosures (S. 896), the Credit Union National Association (CUNA) is asking credit unions to urge lawmakers to adopt an amendment addressing National Credit Union Share Insurance Fund (NCUSIF) issues. Sen. Chris Dodd (D-Conn.), the bill's sponsor, has offered a manager's amendment that makes permanent the increased, $250,000 deposit and share insurance cap. The Dodd amendment also would allow credit unions to spread out the cost of a premium assessment that has resulted from losses at wholesale corporate credit unions. It would reduce from 1% of a credit union’s insured shares to 0.15% of insured shares this year's cost of the National Credit Union Administration’s corporate stabilization plan. In an Action Alert launched today, CUNA encourages credit unions to:
* Send a message today to both Senators urging support for the Dodd amendment to S. 896; and * Call or fax each senator’s district office with the same information. (District office contact information can be found at www.congress.org.)
Other Resources

RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
1 Day ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
1 Day ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
1 Day ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
1 Day ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
16 minutes ago