Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Liquidity improves at six CCUs
ALEXANDRIA, Va (3/24/09)—Some good news relating to the corporate credit union (CCU) system: There have been improvements in the liquidity position of the six largest CCUs, according to the National Credit Union Administration (NCUA). The NCUA revealed Monday that deposits in the six biggest CCUs increased $12.2 billion from Dec. 31, 2008 to Feb. 2 this year. At the same time, their external borrowings decreased even more dramatically from $27.9 billion $2.1 billion. Also of note, the NCUA’s Credit Union System Investment Program (CU SIP), an initiative designed to add liquidity to the corporate credit union system, has injected $8.2 billion in loans. (See related story: Mid-Atlantic Corporate reaffirms strength.) Corporate credit unions used the funds to pay down external borrowings, freeing collateral for future contingency liquidity needs. The NCUA noted the liquidity improvement during its Monday “Corporate Update” webinar.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
21 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
23 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
1 day ago