Monthly Archives: October 2010

Director of Equal Opportunity

Alexandria, Va., October 15, 2010 – National Credit Union Administration Executive Director David M. Marquis announced this week that S. Denise Hendricks has been appointed director of the agency’s Equal Opportunity Programs (EOP). As EOP director, Hendricks oversees three programs for NCUA staff–Affirmative Employment, Special Emphasis and EEO Complaints. The programs are designed to enhance [...]
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Morning Breeze

1. HOW MANY MILES HOW MANY DAYS NEVERENDING SEA NEVERSTOPPING RACE ARMS ARE MIGHTY HEADS WITH LONGING FACE THEY DON’T WANNA LIVE USING STANDARD WAYS 2. NOTHING CAN STOP THEM ON THE WAY THEY CHOSE BOAT IS NOT SO GOOD THEY GOT NOTHING TO LOOSE ONLY PICTURES OF BLUE SKY AND SEA BUT THEY ALWAYS [...]
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Guaranteed Notes

October 14, 2010, Alexandria Va. – The National Credit Union Administration (NCUA) Guaranteed Notes (NGNs), backed by an unconditional NCUA guaranty for timely payment of principal and interest, will carry a 0 percent risk weight in accordance with clarification NCUA gained coordinating with the Federal Reserve Board, Office of the Comptroller of the Currency, Federal [...]
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Corporate Loans

October 13, 2010, Alexandria, Va. – Using proceeds from selling performing assets of two formerly conserved corporate credit unions, the National Credit Union Administration yesterday repaid $10 billion plus interest to the U.S. Department of Treasury. NCUA raised $9.5 billion by selling select assets from U.S. Central Federal Credit Union (U.S. Central) in Lenexa, Kansas, [...]
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Town Hall Meetings

October 12, 2010, Alexandria, Va. – The National Credit Union Administration is combining the Phoenix and Los Angeles Town Hall Meetings into the single location of Los Angeles, Calif., on October 29 to consolidate efforts and minimize expenditures and resources. The agency is hosting ten meetings across the country in October in an effort to [...]
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Insurance & Coverage Limits

October 4, 2010, Alexandria, Va. — The National Credit Union Administration (NCUA) today announced the launch of a new national campaign designed to educate consumers about the benefits and purpose of the National Credit Union Share Insurance Fund (NCUSIF), the federal fund which insures member deposits in federally insured credit unions. The “Keep your money [...]
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Dialogue With Industry

October 7, 2010, Alexandria, Va. – The series of National Credit Union Administration Regional Town Hall meetings aimed at discussing new corporate rules and corporate legacy asset resolution, continues next week with sessions in Atlanta, Detroit, and Columbus, Ohio. Additional Town Halls will convene throughout the month, finishing October 29. “The Town Hall format has [...]
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Radio Tour

October 5, 2010, Alexandria, Va. — NCUA Chairman Debbie Matz today took to the airwaves to promote NCUA’s new public service campaign aimed at raising public awareness of credit union federal deposit insurance. Matz told listeners of her interest in making sure that “everybody knows if you have money in a federally insured credit union, [...]
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Corporate Credit Unions

October 5, 2010, Alexandria, Va. — The National Credit Union Administration today announced the creation of two bridge corporate credit unions to assume operations of U.S. Central Corporate Federal Credit Union (US Central) and Western Corporate Federal Credit Union (WesCorp). These actions, which were originally announced in conjunction with the unveiling of NCUA’s Corporate System [...]
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Corporate Resolution Plan

October 4, 2010, Alexandria, Va. – National Credit Union Administration (NCUA) Board Member Michael E. Fryzel in an address to the New Jersey Credit Union League, emphasized the three key stages of the NCUA’s Corporate Resolution Plan. “The Corporate Resolution Plan fulfills the three-stage process that NCUA has foreseen from the outset – the process [...]
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