Treasury, NCUA Partner to Increase Opportunities for Low-Income Credit Unions
NCUA and the U.S. Treasury Department’s Community Development Financial Institutions Fund signed an agreement that will streamline the application process for low-income credit unions to become certified as Community Development Financial Institutions.
Texans Credit Union Reports Strong Financial Performance
Texans Credit Union, a state-chartered, federally insured credit union operating under the conservatorship of the National Credit Union Administration, posted year-end 2015 net income of $26.63 million, marking 48 consecutive months of positive earnings. This was the strongest year-over-year financial performance in Texans’ 62-year history.
Registration for CUSO Registry Begins Feb. 1
Credit union service organizations will have 60 days to register with NCUA’s CUSO Registry, the new online system for CUSOs to report their operational and financial information directly to the agency. The registration period begins Monday, Feb. 1, and ends Thursday, March 31.
Register Now for NCUA’s Feb. 11 CUSO Registry Webinar
As part of the launch of the CUSO Registry, NCUA will host a webinar on how to use the system on Thursday, Feb. 11, beginning at 2:30 p.m. Eastern. Participants can register online for this free webinar
Welcome to the New Interest Rate Environment?
To say the least, there were a lot of interesting developments in the final months of 2015. To start the year off, the Federal Reserve at its December meeting raised the target range for the federal funds rate from 0 to 25 basis points to 25 to 50 basis points. What does this mean for credit unions?