MADISON (12/3/13)--An article announcing that the National Credit Union Administration will not charge a Temporary Corporate Credit Union Stabilization Fund assessment in 2014 was the most-read News Now story in November. The corporate assessment was a hot topic much of the month, and the Credit Union National Association even produced an "Inside Exchange" video segment on the impact of the NCUA's decision to hold the assessment range at zero for 2014 (See resource link).
The Top 10 articles for the month:
10. NCUA Bans Four From CU Work
ALEXANDRIA, Va. (11/1/13)--The National Credit Union Administration has banned four former credit union employees from participating in the affairs of any federally insured financial institution.
9. Comprehensive CUNA Letter Urges NCUA To Cut Burdens
WASHINGTON (11/19/13)--The Credit Union National Association is urging the National Credit Union Administration to do all it can to cut credit union regulatory burdens and build a regulatory environment and examination culture that enhances the ability of credit unions to serve their members.
8. NCUA 2014 Budget Contains 6.7% Increase
ALEXANDRIA, Va. (11/21/13)--The National Credit Union Administration today approved a 2014 budget of $268.2 million. This spending plan represents an increase of 6.7% from the 2013 NCUA budget and is the sixth straight year that the agency's planned expenditures have grown.
7. NCUA: TCCUSF Estimates Down $2.3B
WASHINGTON (11/25/13)--The upper end of remaining Temporary Corporate Credit Union Stabilization Fund assessment estimates declined by $2.3 billion between December 2012 and July 2013, thanks to a $1.6 billion decrease in expected costs and a $700 million assessment that was collected in October 2013, the National Credit Union Administration announced Friday.
6. Gentile Named President/CEO of the Massachusetts CU League
MARLBOROUGH, Mass. (11/22/13)--The Massachusetts Credit Union League (MCUL) Board of Directors has named Paul Gentile as President/CEO effective Jan. 6th.
5. NCUA Approves Final CUSO Rule
ALEXANDRIA, Va. (11/21/13)--The National Credit Union Administration's final rule addressing credit union service organization (CUSO) supervision, adopted today, is revised from the agency's proposal but concerns remain about the authority of the agency to exercise direct authority over CUSOs.
4. CUs Told What Examiners Look For On Risk Management
ALEXANDRIA, Va. (11/13/13/)--The National Credit Union Administration took action Tuesday to clarify its supervisory expectations regarding credit unions' risk management systems.
3. CUNA Sets Record Straight On CU vs. Bank Exec Compensation
WASHINGTON (11/18/13)--The Credit National Association is setting the record straight on the issue of credit union CEO vs. bank CEO compensation after the <em> American Banker</em> cited a statistic that is "misleading," said CUNA.
2. JP Morgan To Pay $13B Settlement
ALEXANDRIA, Va. (11/19/13)--The National Credit Union Administration has added another settlement to its victory pile related to lawsuits to regain costs associated with losses to the corporate credit unions brought by residential mortgage-backed securities of alleged questionable quality. The U.S. Department of Justice has just announced that JP Morgan Securities would pay $13 billion in total.
1. No TCCUSF Assessment In 2014
WASHINGTON (11/21/13)--The National Credit Union Administration will not charge a Temporary Corporate Credit Union Stabilization Fund (TCCUSF) assessment in 2014. The National Credit Union Share Insurance Fund assessment for 2014 will be between zero and five basis points, the agency added.