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Monthly Archives: December 2010
NCUA Conservatorship
December 17, 2010 Alexandria, Va. – The National Credit Union Administration (NCUA) today assumed control of operations at AEA Federal Credit Union of Yuma, Arizona. NCUA’s goal is to continue credit union service to the members and ensure safe and sound credit union operations. Member deposits are safe. Their accounts are insured up to $250,000 [...]
Something I Couldn't Have Hoped For
Something I wouldn’t have hoped for… What if all this time you assumed Everyone else was listening to Her Then, She tells you There might Be a chance That no one else is Adore (assume) Ass u n’ or me Forever “That’s what I wanna do” All right Alright Now, our circumstance Is what it [...]
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NCUA Board Meeting Results
Final rules adopted to protect members The NCUA Board approved, by a 2-to-vote, final amendments to Parts 701, 708a and 708b to better protect credit union member rights and ownership interests. Effective 30 days after publication in the Federal Register, the rule amendments: (1) create new §701.4 to address fiduciary duties of FCU directors; (2) [...]
NCUA Letter to Corporates
December 15, 2010, Alexandria, Va. – The National Credit Union Administration this week issued a Letter to Corporate Credit Unions and a Fact Sheet to natural person credit unions detailing the corporate credit union (CCU) system transition plan and necessary natural person credit union considerations. A timeline designed to enable corporate and natural person credit [...]
Beehive Credit Union Closes
December 14, 2010 Alexandria, Virginia — The National Credit Union Administration (NCUA) today was appointed liquidating agent of Beehive Credit Union of Salt Lake City, by the Utah Department of Financial Institutions (DFI); and Security Service Federal Credit Union of San Antonio, Texas, immediately purchased and assumed Beehive’s assets, liabilities and members. The new Security [...]
Guaranteed Note Transaction
December 13, 2010, Alexandria, Va. – A National Credit Union Administration Guaranteed Note (NGN) student loan-based offering closed last Friday, with the transaction yielding $1.16 billion. The coupon will pay 35 basis points over LIBOR, an indication of strong investor interest. This offering concludes NGN offerings for 2010. NCUA has now completed 60 percent of [...]
Wish List
In a season When wishes come true What do you Wish for? Reason? Or, just For more? Browse A catalog Mark Your picks Maybe Make A registry To house Gift commands… Other demands? Is that Not you You’re… Someone else? Out of the shadows Out of the mist A new year’s Wish list This season [...]
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God Rest Ye Merry Gentlemen
God Rest Ye Merry Gentlemen 2010 .MP3 The Dave Version David wrote us and said: Your interpretation of the meaning of “God Rest Ye Merry Gentleman” is incorrect. Merry in the old english of this carol did not mean “Happy” it meant “Mighty” or “Powerful” (Think Robin Hoods Merry Men – They weren’t happy because [...]
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Christmas Is Coming