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The NCUA’s board chair says his top priority in 2017 is returning to credit unions the several billion dollars they’re owed from the regulator’s bailout of corporate credit unions in the Great Recession.
Merging the corporate credit union fund with the share insurance fund is an idea worth considering.
More than $8 billion of credit union money is tied up in and around the regulator’s bailout of the corporates, but little else is really known.
The agency’s board ducks responsibility and shrouds in secrecy what’s happening with $3 billion in recoveries from the sellers of dubious private mortgage securities.
The NCUA could accomplish so much more by being open about how it plans to manage and distribute billions of dollars from the corporate credit union collapse and bailout.
The latest news should be good for credit unions invested in the failed corporates, but lack of regulator clarity makes it hard to know what's really going on.
The need for monitoring grows as does the bank account as another $161 million is added ahead of the fund’s 2021 shutdown date.
Credit union ledgers show no froth amid larger financial industry reports about a growing subprime auto loan bubble.
While credit unions await payback, a look at the agency’s audit numbers for the past six years show its secretive rescue plan might have cost more than it saved.
Three critical questions about the corporate resolution plan to be addressed at this Thursday's board meeting.
The benefits are endless!