WASHINGTON–The Federal Housing Finance Agency, which currently operates Fannie Mae and Freddie Mac under conservatorship, and the Treasury Department have agreed to reinstate a $3 billion capital reserve amount under the Senior Preferred Stock Purchase Agreements for each Enterprise beginning in the fourth quarter of 2017.
Fresh Today
ARLINGTON, Va.—NCUA's risk-based capital (RBC) rule will not increase the overall safety of the National Credit Union Share Insurance Fund (NCUSIF) as the NCUA has argued, according to more than three-fifths of respondents to NAFCU's latest Economic & CU Monitor survey.
FAIRHAVEN, Mass.–Southern Mass Credit Union has named a new CEO.
TORONTO–A number of credit union-related institutions in this country are forming a sizeable new wealth management company.
ARLINGTON, Va.—Existing-home sales surged 5.6% percent in November – marking the strongest sales pace since December 2006.
JACKSON, Mich.–Members of the $29-million Jackson Community FCU here have voted in favor of merging into the $142.2-million BlueOx Credit Union. The merger is scheduled to be effective Jan. 1, 2018.
WASHINGTON–NCUA is among six federal agencies that have been contacted by a consumer group and five military advocacy organizations about what they have been doing to protect members of the military and their families from predatory lenders.
PORTLAND, Maine–Fiserv and Synergent, the data processing subsidiary of the Maine Credit Union League, have announced an expansion of their partnership to include plastics.
ROCHESTER, Minn.–Oakland University Credit Union has announced it will donate $1 million over five years to Oakland University’s study abroad and other international programs.
ASTORIA, Ore.–Wauna Credit Union announced it will begin offering banking services to the marijuana industry through a partnership with Scottsdale, Ariz.-based Hypur.