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
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
1 hour ago
.@TexansCU, under conservatorship of @TheNCUA, reported continued growth in 2014. http://t.co/1iWLrhHBGy
2 hours ago
.@TheBuffaloNews picks up @Bankrate's mortgage must-haves with @CUNA personal finance expert Susan Tiffany http://t.co/pEwAgurrAl
3 hours ago
.@AmericaSaves launches excellence in savings designation for #creditunions #NewsNow http://t.co/WzL4BqaWuG #AmericaSavesWeek #ASW15
4 hours ago
#NewsNow Washington DFI adds 'S' to CAMEL rating http://t.co/8OFaN21Vkz
5 hours ago