Items Tagged with 'corporates'

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Expect Fewer Corporates in CUs’ Future

The corporate CU network will focus more on settlement and payment services; less on investments.
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Corporates will focus more on settlement and payment services; less on investments.
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NCUA Extends Comment Period on Corporate Rule Amendments

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The National Credit Union Administration Board extended the comment period to Jan. 28, 2011, on the proposed corporate rule amendments issued at the agency's November 18 meeting.


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NCUA Charters Final Two Bridge Corporates

New corporates will assume existing business of Members United and Southwest Corporate.
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The newly created institutions will be known as Members United Bridge Corporate FCU and Southwest Bridge Corporate FCU . The first two bridge corporates created by NCUA were U.S. Central Bridge Corporate FCU and Western Bridge Corporate FCU.
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Cheney Defends CUs on 'Squawk Box'

He emphasizes that NCUA's action 'won't cost taxpayers a dime.'
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CUNA President/CEO Bill Cheney appeared live this morning on CNBC's Squawk Box to talk about credit unions and whether NCUA's plan for dealing with the corporates constitutes a credit union bailout.
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Are They Nuts?

Six questions board members will ask about NCUA’s final rule on corporate CUs.
James Collins
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Recapitalization and trust will be tough issues to address.
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'It's Not a Bailout'

Key points for board members about the NCUA corporate actions.
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It's important to correct any misperceptions about the corporate credit union and legacy asset plans.
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More Details Emerge on Corporate CU Plan

The focus of the plan will be the securitization and sale of legacy assets.
Mary Dunn
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NCUA will establish 'bridge corporates' to ensure the important services by the five conserved corporates to natural person credit unions regarding payments and settlement aren't disrupted.
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NCUA Adopts Corporate CU Reforms

Regulator announces plan to address impaired assets, preserve stability.
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The agency assumes control of three more corporates, announces a plan to isolate impaired assets, and finalizes stronger regulations.
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Corporate Report Cites Need for Change

Corporates with small balance sheets and small capital requirements are most likely to succeed.
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Corporates with small balance sheets and small capital requirements are most likely to succeed.
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New Corporate Structure Proposal Shifts Business Model

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NCUA's proposal to change the corporate system structure will affect corporates' business model and its expectations of credit unions.
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