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
Quarterly Insurance Report Is Lone NCUA Agenda Item
ALEXANDRIA, Va. (4/12/13)--A quarterly insurance fund report will be the lone item on the agenda when the National Credit Union Administration board meets on Thursday, April 18.

"It is always a good development when credit unions don't need to worry another new rule or proposal will be issued," Credit Union National Association Deputy General Counsel Mary Dunn said of the abgreviated agenda.

The agency has not scheduled a closed board meeting at this time.

The previous quarterly report, released at the February open board meeting, showed that the number of federal credit unions with CAMEL codes 3, 4 and 5 dropped significantly during 2012.

The agency also reported the National Credit Union Share Insurance Fund NCUSIF ended 2012 with a 1.30% equity ratio, after transferring $88 million in "excess equity" to the Temporary Corporate Stabilization Fund (TCCUSF). The NCUA said it calculated the ratio on an insured share base of $839.4 billion, compared to $795.3 billion at the end of 2011, indicating growth of 5.5%.

The last quaterly report also showed good 2012 results for the TCCUSF. Based on "preliminary and unaudited" information, for 2012 the total net position of the fund improved nearly $1.8 billion.

For the full agenda, use the resource link.


RSS





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