Regulatory Update - September 22, 2011 NCUA Helps Low-Income Credit Unions Increase Lending
Since December 2007, low-income credit unions (LICUs) have nearly tripled in assets and lending and doubled in members, according to the National Credit Union Administration. Read MoreRegulatory Update - May 31, 2011
Credit Union Industry Financials Improve Despite Economic Hurdles
Key credit union financial indicators show improvement in the first quarter of 2011, but economic conditions continue to pose a challenge for the system. Overall, earnings, shares, assets, members and investments grew over the previous quarter, according to Call Reports submitted by the nation’s 7,292 federally insured credit unions to the National Credit Union Administration (NCUA).
Regulatory Update - May 9, 2011
NCUA Expands Disaster Assistance in Southeast
With severe flooding now threatening new areas of Missouri, Tennessee, North Dakota and Minnesota, National Credit Union Administration (NCUA) Board Chairman Debbie Matz activated the agency’s disaster relief policy to assist credit unions and their members in dealing with local recovery efforts in areas struck by severe storms, tornadoes, and flooding beginning April 19 and continuing.
Regulatory Update - May 2, 2011Matz Outlines Three Core Elements of a Strong Credit Union System
National Credit Union Administration Board Chairman Debbie Matz today outlined three core elements of a strong credit union system: “effective regulation, effective volunteer leadership, and effective outreach.”