LEVELLAND, Texas–Sam Goodnight, who began serving on the board of Hockley County School Employees CU in 1972, has stepped down after 49 years of service.
Fresh Today
ALEXANDRIA, Va.–Members of the NCUA board were given an update on the Consolidated Emergency Capital Investment Program (ECIP) created by the Consolidated Appropriations Act, with all three urging certain credit unions to take advantage while they still can.
ALEXANDRIA, Va.—Stating the agency has attempted to avoid charging credit unions a premium during the pandemic in order to replenish Share Insurance Fund’s sliding equity ratio, NCUA Chairman Todd Harper suggested credit unions should nonetheless prepare for a premium to be assessed.
ALEXANDRIA, Va.–The NCUA board has voted 3-0 to approve a change involving joint ownership share accounts.
ALEXANDRIA, Va.–NCUA said its four funds have again earned unmodified, or “clean,” audit opinions for 2020, but the agency’s Office of Inspector General (OIG) also said there are challenges for credit unions that could affect future audit performance.
WASHINGTON–Minutes released from the January meeting of the Federal Reserve’s Open Market Committee reveal the Fed has a “considerably stronger outlook” for economic activity in 2021 than it did when it previously met in December of 2020. But while it sees a likelihood of higher inflation, it does not anticipate raising rates in the near future.
ST. PETERSBURG, Fla.–A majority of credit union members and employees are struggling financially, according to a study released by PSCU that compared the financial health of credit union members and employees against a national benchmark.
ALEXANDRIA, Va.—During NCUA’s open board meeting today, credit unions should learn if they will be assessed a premium related to the National Credit Union Share Insurance Fund (NCUSIF) and, if so, a when.
WASHINGTON—In a letter to the Small Business Administration related to the Paycheck Protection Program and its original and Second Draw programs, CUNA said there remains room for improvement.
WYANDOTTE, Mich.–One credit union here that has been among the lenders offering members the option of deferring their mortgage payments during the pandemic is reporting few have taken advantage of the opportunity—and says that’s a good thing.