Monthly Archives: October 2010

Structured Notes Transaction

October 28, 2010, Alexandria, Va. – The National Credit Union Administration today announced settlement on its initial offering of NCUA Guaranteed Notes (NGN 2010-R1), backed by an unconditional NCUA guaranty for timely payment of principal and interest. As a part of the corporate resolution plan, the transaction, which closed yesterday, featured two series of senior [...]
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Revised Board Meeting Date

October 25, 2010, Alexandria, Va. — The closed meeting of the National Credit Union Administration (NCUA) Board has been rescheduled to Wednesday, November 17th at 10:00 A.M. The NCUA Board open meeting is still scheduled for November 18th but the time has been moved to 9:00 A.M. The National Credit Union Administration charters and supervises [...]
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Local Realtors host "Shred Event"

FOR IMMEDIATE RELEASE Prudential Rittenhouse Realtors of Harleysville, PA invites you to our 2010 Fall Shred Event. Saturday, November 13th, 2010 – 11:30 to 1:30 PM To be held at our office at: 418 Main Street, Harleysville, PA 19438 – 215-256-6543 It’s time to clean out your filing cabinets and desk drawers. Get rid of [...]
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Corporate Credit Union Resolution

Alexandria, Va., October 25, 2010 – National Credit Union Administration (NCUA) Board Member Gigi Hyland today told the American Institute of Certified Public Accountants “Conference on Credit Unions” that NCUA is working to assist the credit union industry in weathering its “most significant financial and structural challenge” presented by a “perfect storm of over-concentration in [...]
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Lending Webinar

Alexandria, Va., October 22, 2010 – National Credit Union Administration (NCUA) Board Member Gigi Hyland will host a webinar on Tuesday, November 9, 2010 entitled “Indirect Lending: Balancing the Risks and Rewards.” The webinar will begin at 2:00 p.m. EST and end at 3:30 p.m. EST. The webinar will be free and open to the [...]
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NCUA Board Meeting Results

NCUA Guaranteed Notes classify as low-risk assets The NCUA Board approved an interim final rule amending the definition of low-risk assets to add “debt instruments unconditionally guaranteed by the National Credit Union Administration” under Section 702.104(d) of NCUA Rules & Regulations. The revision will ensure NCUA Guaranteed Notes (NGNs) receive a zero risk weighting for [...]
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Federal Credit Union Closes

October 21, 2010, Alexandria, Va. — The National Credit Union Administration (NCUA) placed Phil-Pet Federal Credit Union, located in Pampa, Texas, into liquidation on October 18, 2010. NCUA made the decision to close Phil-Pet Federal Credit Union and discontinue its operation after determining the credit union is insolvent. At the time of the liquidation, the [...]
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Board Meeting Schedule

October 20, 2010, Alexandria, Va. — The National Credit Union Administration today released the monthly Board meeting schedule for 2011. The NCUA Board generally meets during the third or fourth week of each month, except August, when no meeting is scheduled. Specific dates for 2010 NCUA Board meetings follow:  January 13  February 17 [...]
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Revised Board Meeting Agenda

October 19, 2010, Alexandria, Va. — The National Credit Union Administration (NCUA) Board meeting agenda is being revised to add an additional item to the open session: Briefing – NCUSIF Public Education Campaign. The revised agenda for this week’s meeting is available online at http://www.ncua.gov/GenInfo/BoardandAction/Calendars/Meetings/2010.aspx. The National Credit Union Administration charters and supervises federal credit [...]
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Board Meeting Agenda

October 18, 2010, Alexandria, Va. — The National Credit Union Administration (NCUA) Board meeting agenda has been modified. One item has been added to the open session – Interim Final Rule, Part 702, Prompt Corrective Action, revising the low risk asset definition. The revised agenda for this week’s meeting is available online at http://www.ncua.gov/GenInfo/BoardandAction/Calendars/Meetings/2010.aspx. The [...]
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