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CreditUnions.com
Credit Union Journal
FOX News
CUs in the news on Fox Philadelphia
FASB Guidelines
FASB Meeting Actions on Mark to Market and OTTI
FASB Guidance for Illiquid Markets
CUNA Information
NCUA extends temporary corporate guarantee date
U.S. Central posts $537M net OTTI losses
Matz wants CU outreach, effective regs at NCUA
NCUA releasing more U.S. Central, WesCorp info
NCUA FOIA reports detail early response to corp. CU crises
Corp. CU update: NCUA begins stabilization process
NCUA: What corporate reform could look like
2010 will be pivotal, says NCUA's Marquis
Fryzel: NCUA committed to corporate system improvements
NCUA registration now open for corporate webinar
New corp stabilization plan implemented by NCUA
Treasury wants NCUA independent
Fryzel: NCUA will remain independent
Reg restructuring plans outlined by Geithner, Summers
Geithner faces Congress after reg plan unveiling
NCUA to address writedowns in corp stabilization discussion
Agency guidance on corp. CU stabilization expected
Corporate restructure plan may be out this fall
Redacted PIMCO report posted online
NCUA sets webinar on new law implementation
CUNA CEO addresses CU stabilization plan concerns
CEO Dan Mica: Update from CUNA on the Corporate Stabilization Fund
CU vet Deborah Matz could chair NCUA
NCUA issues guidance on PIC, MCA, updates corporate status
Fryzel: S. 896 is a turning point for CUs
NCUA extends corporate CU liquidity guarantee program
CEO Dan Mica on yesterday’s legislative actions
CUNA urges Congress to address CU capital
President's pen turns corporate stabilization bill into law
House, Senate pass corporate stabilization bill
Lavage is CUNA witness on corporate stabilization
Mid-Atlantic Corporate updates stabilization impact
NCUA guidance on PIC, MCA out this week
Stabilization plans must address CU concerns--CUNA
Kanjorski offers corporate CU stabilization bill
U.S. Central quarterly financial report posted
WesCorp March 2009 financials posted
House panel to discuss corporate stabilization
U.S. Central to release quarterly financials Wednesday
First Carolina Corporate signs share guarantee agreement
NCUA issues another advisory about corporate losses
CU stabilization, insurance fund mods clear Senate
FTC 'red flags' rule for state-chartereds delayed again
Cramdown unlikely in Senate housing bill
Budget amendment would address increase NCUA borrowing
CUNA meets with key Treasury officials on CU issues
NCUA advisory addresses changes to Corporate CU Share Guarantee Program
NCUA says guidance coming on 'extinguishment'
Moody's adjusts four corporates' short-term ratings
More accounting guidance sent to NCUA examiners
CU comment wanted on operating fee plan
Registration link for CUNA Training Webinar on Fair Value and OTTI for Credit Unions (April 23rd)
NCUA receives 450 comments on ANPR for corporates
Southwest Corporate comments on ANPR proposal
NASCUS: Tighten regulatory standards for corporates
Mica--Include CUs in Treasury capital assistance for mutuals
WesCorp former board won't contest conservatorship
Limited services, smaller numbers among CUNA recommendations
NCUA memo guides on delaying NCUSIF write-downs
NCUA releases corporates' distressed securities info
Senate card bill includes NCUA emergency borrowing
Mica tests waters: Higher borrowing, longer write-off
ACCU Adds Voice to Call for Transparency
CUNA Follows up with FOIA on Corporates
Litigation Efforts on Hold, Options Explored, Mica
NCUA Starts Stakeholder Reports on Corporate CUs
Flexible Accounting Stance May Come from NCUA
CUs urged: Contact NCUA before corporate action today
CUNA Communication calls for Credit Union Action
New leadership appointed for U.S. Central, WesCorp
NEW: CORPORATE CUs: Corporate costs must be spread out, Mica says
CUNA seeks fair value, OTTI comments
FASB issues plan for fair value guidance
Fed pulls out all stops, CUs brace for refinancings
FASB commits to expedited mark-to-market guidance
Congress should direct new look at mark-to-market
CUs get accounting guidance for corporate plan costs
Two corporates shed ratings agency programs
Congress update: Status of spending, cramdown bills
Corporate restructuring plan unveiled soon by CUNA
NCUA: Big response to March SIP offering
Call report expense data change
House approves cramdown bill
Details to Obama loan mod plan released
Changes to 'cramdown' bill insufficient, says CUNA
Analysis of FDIC assessment shows bank cost: CUNA
Obama fair value task force sought by CUNA
Congress this week: Mortgage bankruptcy back?
Vote on Mortgage Bankruptcy Bill Delayed
Lawmaker Credits CUs Work on "Cramdown" Bill
Corporate CU Task Force Backs CUNA Alternatives
NAFCU Information
CLF serving intended purpose, NCUA says
U.S. Central, WesCorp liquidity, OTTI detailed
Webinar Monday on CLF stock ownership
NAFCU comments on stabilization, FOM, RegFlex
CLF moving funds into U.S. Treasuries
Matz: Next corporate CU reg will be different
CUs can get U.S. Central, WesCorp info
NCUA sends 113 more pages to NAFCU
1% NCUSIF deposit is whole, NCUA says
Corporate stabilization webinar file online
Stabilization assessments to occur as needed
NCUA gives NAFCU-sought clarification on PCA
69bp for NCUSIF to be re-credited
Geithner: Reg plan preserves NCUA authority
NCUA Board to set corporate stabilization fund
Becker backs administration plan treatment of CUs
White paper from Treasury gives more on reform
NAFCU call details stabilization, reg reform
Reg restructuring to include capital requirements
NAFCU looking for specific stabilization actions
Corporate stabilization fund up Thursday
Revised liquidity program agreements required
NAFCU mulling appeal on PIMCO
USA Today touts $250,000 share/deposit limit
Corporate stabilization measures detailed
NCUA webinar June 24 on stabilization
Frank throws wrench into reg consolidation idea
NCUA responds to NAFCU on PIMCO report
CUs’ U.S. Central, WesCorp memberships intact
Corporate liquidity guarantee terms revised
NAFCU Corporate Stabilization Fund Relief Calculator
Download Stabilization Plan Estimated Costs by Asset Peer Group
Bedinger presses transparency in stabilization
Becker: NCUA should move quickly under S.896
NAFCU watching corporate restructuring
Congress OKs stabilization; credit card bill near
Stabilization bill efforts wrapped up in 8 weeks
Corporate stabilization bill up for House action
U.S. Central cuts OTTI charges to $1.8 billion
Kanjorski announces plans for insurance oversight
NAFCU applauds House corporate stabilization bill
NAFCU makes it easier to contact compliance staff
NAFCU calls for greater transparency
OTTI charges prompt questions from CUs
Becker writes House on stabilization bill
Final push today on Senate housing bill
Senate work continues on housing, stabilization
Conserved corporates’ base losses total $7.8B
NAFCU continues push for corporate stabilization
Cramdowns, corporate stabilization up for action
Cramdown vote expected with housing bill
NAFCU looking for more PIMCO info
Analysis continues on corporates’ MBS
PIMCO summary may be out Friday
Becker urges Senate to clear stabilization fund
NAFCU continues to oppose broad cramdown bill
Report: TARP results mixed, prospects uncertain
NAFCU: CUs still unsure on NCUSIF impairment
Corporate system still has a role, Becker writes
Exam guidance sent on stabilization costs
NCUA eyes change in corporate share guarantee
Fryzel asks Geithner to back stabilization fund
Accounting bulletin slated on NCUSIF assessments
NAFCU backs amendments on NCUSIF restoration – Senator Corker and Senator Crapo propose amendments
Bill for Corporate Stabilization has Traction
NAFCU's FREE Members-Only Call-In: NCUA Corporate Stabilization Update
NAFCU seeks CU access to toxic-assets program
Mark-to-market comments sought by April 1
NAFCU Offers Webcast on Refinancing Software
NCUA Information
Media Advisory: Corporate Credit Union Update 8/7/09
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Letter to Federally Insured Credit Unions: Corporate Stabilization Fund Implementation |
Media Advisory: NCUA to Release External Portfolio Valuations for U.S. Central and WesCorp – July
13, 2009
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Letter to Corporate Credit Unions: TCCUSGP and Dividends summarized |
Media Advisory: Weekly Corporate Credit Union Update – July
7, 2009
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Letter to Credit Unions 09-CU-14: Corporate Stabilization Fund Implementation
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Media Advisory: Fryzel Urges Activism, Hard Work During Rulemaking – June 16, 2009
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Media Advisory: Fryzel Commends Credit Union Sense of Purpose During Crisis – June 9, 2009
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Media Advisory: Weekly Corporate Credit Union Update – June 5, 2009
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NCUA Media Advisory: PIMCO Report Is Available Online – June 4, 2009
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Corporate CUs Participating in the Voluntary TCCUSGP |
NCUA Media Advisory: Weekly Corporate Credit Union Update – May 29, 2009
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Media Advisory: $250,000 Share Insurance Protection Extended to 2013 – May
26, 2009
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Media Advisory: Weekly Corporate Credit Union Update – May
22, 2009
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Letter to Credit Unions 09-CU-10: Matters Related to "Paid-in Capital" and "Membership Capital"
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Media Advisory: “Chairman Fryzel Statement on the Ongoing Resolution of the Corporate Credit Union Situation” – May 21, 2009
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Chairman Fryzel testimony on “H.R. 2351, The Credit Union Share Insurance Stabilization Act” before the House Financial Services Committee, May 20, 2008 |
Media Advisory: Weekly Corporate Credit Union Update – May 15, 2009
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Media Advisory: Fryzel Statement on Kanjorski Credit Union Insurance Stabilization Bill – May
13, 2009
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Media Advisory: Weekly Corporate Credit Union Update – May
8, 2009
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Media Advisory: Fryzel Statement on Senate Passage of NCUA Corporate Stabilization Plan – May 6, 2009
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Media Advisory: Fryzel to Credit Unions: “Be Optimistic About Our Shared Future” – May 4, 2009
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Media Advisory: Weekly Corporate Credit Union Update – May 1, 2009
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Media Advisory: Corporate Credit Union Share Guarantee Program Revised, Extended
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Media Advisory: Weekly Corporate Credit Union Update –
April 24, 2009
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Media Advisory: Corporate Credit Union Share Guarantee Program Revised, Extended –
April 21, 2009
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Summary of PIMCO Study |
Media Advisory: Weekly Corporate Credit Union Update –
April 17, 2009
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Media Release - Fryzel Urges Unity, Action in Resolving Corporate Issues - April 15, 2009 |
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Distressed Securities Held by Corporate Credit Unions Summary of NCUA Analysis April 10, 2009 |
Media Release - Weekly Corporate Credit Union Update - April 10, 2009 |
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Accounting Bulletin 09-02: Provides NCUA staff with guidance on the supervision treatment |
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Frequently Asked Questions Regarding The Corporate Credit Union Stabilization Fund Legislation Proposal |
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NCUA Accounting Bulletin 09-2 (April 2009) |
Media Release - Corporate Credit Union Update |
Media Release - Hyland Responds to Credit Unions’ Grassroots Efforts |
Webinar Tackles Mortgage 'Known Unknowns'
View Archived Webinar
Credit Union Times Daily Alert
8/6/09:
NCUA Hosting Webinar on CLF Changes
8/4/09:
Retail Corporates Apply U.S. Central Capital Losses
8/4/09:
U.S. Central Sucks $81M from Members United
8/3/09:
New U.S. Central Losses Result in 63% MCS Impairment
8/3/09:
U.S. Central Reports $537 Million OTTI for June
8/3/09:
Accounting Forces CLF to Pull Funds Out of U.S. Central
7/24/09:
Too Early for PIC, Butke Says
7/23/09:
On-Site Coverage: Fryzel Has Met With Matz About Transition
7/23/09:
On-Site Coverage: NCUA Will Hold Three Town Hall Meetings on New Corporate Rules
7/23/09:
Matz Promises Balanced Approach to Regulation
7/14/09:
Mostly Nonagency Portfolio Sinking U.S. Central
7/14/09:
NCUA Making Additional Corporate Analyses Available
6/25/09:
CU Share Growth Lowers NCUSIF Premium Ratio
6/25/09:
NCUA: Corporate Loss Recovery Prospects ‘Not Good’
6/25/09:
NCUA Cautions Against Investing Outside Corporate System
6/24/09:
CU-Led Corporate Study Aims to Influence NCUA
6/22/09:
CU Roundtable Raising Money for Study of Corporates’ Finances
6/19/09:
Geithner Defends Reg Restructuring Plan on the Hill
6/18/09:
NCUA to Keep Power Under Restructuring Plan
6/18/09:
Obama Unveils Regulatory Restructuring Proposal
6/18/09:
EasCorp Credits Members With PIC II Capital Idea
6/17/09:
Auditors Ask for More Time With U.S. Central Numbers
6/16/09:
NAFCU Urges NCUA to Help CUs Deal With Corporate CU Stabilization Plan
6/16/09:
Solomon: SimpliCD Rate Cut Fortified Liquidity, Not CUSO’s Income
6/15/09:
Funneling Liquidity to Corporates a Matter of SimpliCD
6/10/09:
On-Site Coverage: Hyland Says Corporate Woes Could Prompt Treasury Review of NCUSIF
6/4/09:
All But Two Sign Revised Corporate Share Guarantee
6/3/09:
Monoline Insurers Create OTTIs for SW Corp
5/29/09:
NCUA to Hold Webinar on Corporate Stabilization Fund
5/26/09:
NCUA Board Extends Corporate Liquidity Guarantee Program
5/21/09:
NCUA Extends Liquidity Guarantee Program
5/21/09:
Obama Signs Stabilization Fund Measure
5/21/09:
Senate and House Pass Corporate CU Stabilization Fund Measure
5/20/09:
NCUA to Impose Stricter Capital Requirements on Corporates
5/19/09:
House Passes Corporate CU Stabilization Fund
5/19/09:
House Could Vote on Stabilization Fund This Week
5/18/09:
CUNA Asks NCUA to do More to Minimize Impact of Corporates’ Woes
5/15/09:
U.S. Central Reports $687M OTTI; AFS Reclassification Further Devalues Securities
5/15/09:
Increased MCS Won’t Mean Rebates for U.S. Central Members
5/13/09:
NAFCU Suggests Separating Corporate and Natural Person CU Insurance
5/12/09:
House Panel to Discuss Corporate CU Rescue Efforts
5/8/09:
WesCorp Members Won’t Be Forced to Recapitalize
5/8/09:
Why Should Members Trust WesCorp Again?
5/7/09:
WesCorp’s AFS Reclassification Not a Strategy Change
5/6/09:
Senate Passes Corporate Stabilization Fund
5/6/09:
Midwest Will Sign Revised Corporate Share Guarantee
5/6/09:
Loan-Loss Allowances and Corporate Stabilization Expenses Sink CU
5/5/09:
ACCU Says Corporate Losses Should Be Actual, Not Estimates
5/5/09:
Members United Records $511 Million Loss
5/5/09:
NCUA Won’t Change Corporates Overnight, Miller Says
5/5/09:
Report Urges Credit Unions to Prepare for Possibility of a Single Regulator
5/5/09:
EasCorp Signs NCUA’s Share Guarantee Program
5/4/09:
U.S. Central Reporting $2.3 Billion OTTI; Liquidity Squeezing Corporates
5/4/09:
Alt-A and Option ARMs Fueled WesCorp’s $5.6 Billion Credit Loss
5/4/09:
WesCorp’s $5.7 Billion Loss Officially Depletes PIC and MCAs
4/30/09:
Two CU Groups Taking Different Views on Stabilization Fund Vote
4/29/09:
Corporate Stabilization Included, but Cramdown Out of Senate Housing Bill
4/29/09:
FDIC’s Bair Makes Push to Give Agency More Regulatory Power
4/24/09:
Potential Corporate Losses Spur NCUA Waiver
4/22/09:
On-Site Coverage: Corpotates’ Woes Impact NCUSIF
4/22/09:
NCUA’s Lack of Transparency Shirks Corporate Accountability
4/21/09:
House Subcommittees Planning Hearings on Credit Unions
4/16/09:
NCUA to Consider Extending Guarantee of Deposits in Corporates
4/16/09:
Assessment for Corporate Rescue Could Be Between Eight and 20 Basis Points Annually
4/14/09:
‘No Conspiracy’ at WesCorp, Burrell Says
4/7/09:
NCUA Receives Around 450 Comments on Corporate Credit Union System
4/6/09:
ABA Urges Stricter Regulation of Corporate Credit Unions
4/6/09:
Navy Federal Calls for End of Current Corporate System
4/2/09:
NCUA Giving CUs Accounting Leeway on Impairment Costs
4/1/09:
On-Site Coverage: Senate Panel Oks Borrowing Hike for NCUA
3/31/09:
Fryzel Wants NCUA to Have $30 Billion in Borrowing Authority
3/30/09:
CUNA Won’t File Legal Challenge on Corporate Conservatorships
3/26/09:
NCUA to Ask Congress for Help in Dealing With Corporates’ Woes
3/25/09:
Filson Questions NCUA Conservatorships
3/25/09:
On-Site Coverage: Mica Asks for Loans to Deal With Corporate Woes
3/24/09:
NCUA Says Only U.S. Central and WesCorp Required Action
3/24/09:
Treasury, Congress Must Come Up With Aid: Halleck
3/24/09:
NCUA Devising Proposal for NCUSIF Funding
3/5/09:
Administration Offers Details and Guidelines on Mortgage Aid Plan
2/20/09:
FASB Reconsidering Fair Value Application
TheFinancialBrand.com Article
Possible 20/20 episode on "Credit Unions to pay for their day in the sun"
Read Article
U.S. Central Letter
Open Letter to Credit Unions from U.S. Central Corporate Credit Union CEO Francis Lee
Read Letter
Update from Association of Corporate Credit Union's CEO, Brad Miller
NAFCU is pursuing legislation that would expand access to and the purpose of the CLF.
CUNA is pursuing using TARP as a back-up for the NCUSIF.
Read Summary
TCUL Information on NCUA Stabilization
Information from Tennessee Credit Union League President Tom Gaines.
3/18/2009: Corporate Intervention - Accounting Options
2/16/2009: Corporate Intervention Update
Letter 2/5/2009
Q & A on NCUA Stabilization
Talking Points
Talking points to assist you with answering questions from your staff, members and the media.
Read Talking Points
House Panel to Consider Amendments to
Help Share Insurance Fund
Article from CU Times
Click here
CUNA Calculator
Estimating Costs of NCUA Corporate Stabilization Program. Credit unions to compute their premium due to NCUA.
Click here
Letter from VolCorp Chairman Blake Strickland
Letter addressing several issues concerning the status of corporate credit unions.
Read Letter
Letters From CEO, Rick Veach
VolCorp's Membership Capital Remains Unimpaired
Read Email
Important information regarding VolCorp,
U.S. Central and recent NCUA actions...
Read Letter
Your deposits at VolCorp are as safe as if they were invested at the Federal
Reserve Bank or in U.S. Treasury securities...
Read Letter
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