Friday, April 3, 2009

Top 10 News Now stories for March

MADISON, Wis. (4/2/09)--Here are the Top 10 News Now stories most requested by readers during March. Use the link to review the entire story online.

10. NCUA starts stakeholder reports on corporate CUs

ALEXANDRIA, Va. (3/30/09)--The National Credit Union Administration (NCUA) Friday began what it said would be periodic reporting to stakeholders on the status of the corporate credit union system.

9. House approves cramdown bill

WASHINGTON (3/6/09)--The U.S. House of Representatives yesterday voted 234-191 in favor of H.R. 1106, Helping Families Save Their Homes Act, which contains a mortgage cramdown provision that will affect credit unions.

8. Flexible accounting stance may come from NCUA

WASHINGTON (3/30/09)--If an accountant is willing to be flexible about when a credit union books the cost of its 1% premium being assessed to replenish the National Credit Union Share Insurance Fund, the National Credit Union Administration said it will be okay with that.

7. NCUA to consider corporate CU issues Thursday

ALEXANDRIA, Va. (3/24/09)--A special closed meeting has been called for Thursday morning by the National Credit Union Administration to look at possible plans to spread out the cost to natural person credit unions of the agency's corporate credit union stabilization efforts.

6. New NCUA bill would spread out replenishment

ALEXANDRIA, Va. (3/27/09)--The National Credit Union Administration announced Thursday that it has drafted legislation allowing credit unions to spread the cost of the National Credit Union Share Insurance Fund replenishment over as many as seven years

5. NCUSIF shows preliminary accounting decisions

ALEXANDRIA, Va. (3/2/09)--The most recent monthly National Credit Union Share Insurance Fund report showed the fund booked both the expenses and the income associated with the corporate credit union stabilization plan in January.

4. Details to Obama loan mod plan released

WASHINGTON (3/5/09)--The Obama administration released details Wednesday of its mortgage loan modification program first announced Feb. 18.

3. CUs get accounting guidance for corporate plan costs

WASHINGTON (3/11/09)--The American Institute of Certified Public Accountants yesterday issued guidance on how credit unions may account Corporate Stabilization Plan.

2. NEW: Corporate CUs: Corporate costs must be spread out, Mica says

WASHINGTON (3/23/09, UPDATED 11:30 a.m. ET)--The Credit Union National Association called on the federal credit union regulator and lawmakers to mitigate the costs of its decision to place two corporate credit unions into conservatorship.

1. CUs urged: Contact NCUA before corporate action today

WASHINGTON (3/26/09)--Credit unions are asked to urge each National Credit Union Administration board member to provide greater transparency regarding a report by Pacific Investment Management Company LLC (PIMCO) on corporate credit unions.

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