Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA offers merger registry guidance
ALEXANDRIA, Va. (11/4/10)—As promised at its October open board meeting, the National Credit Union Administration (NCUA) has sent a Letter to Credit Union (No. 10-CU-22) describing the new national merger-partner register and what it hopes to achieve. “ If your credit union is interested in expanding your field of membership by merging with another credit union, you can now let your regulators know by signing up for NCUA’s new Merger Partner Registry,” says the letter signed by Chairman Debbie Matz. The communication describes the process of how to sign on to the registry and carries a boldface warning that signing up does not guarantee that a credit union will be selected as a merger partner. The NCUA says it has two goals the registry:
* To establish a wider pool of interested credit unions to consider assisted merger and P&A opportunities; and, * To improve transparency by shedding more light on NCUA’s process of selecting partners.
The letter instructs credit unions to contact their regional NCUA office with any questions about the registry. At the Oct. 21 meeting, agency staff gave a presentation regarding NCUA's recently launched Merger Partner Registry, part of the NCUA's Credit Union Online system, which credit unions already use to submit 5300 Call Reports. Use the resource link to access the NCUA letter.
Other Resources

RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
1 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
2 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
4 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
7 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
7 hours ago