The NCUSIF's reserve balance was $5.3 billion last month and the fund lost $2.5 million in income, NCUA Chief Financial Officer Mary Ann Woodson told the board today.

WASHINGTON -- Corporate credit unions would have to keep a 5% core capital leverage ratio to be considered well capitalized under rules that the NCUA plans to discuss later this year, NCUA Chairman Michael E. Fryzel told lawmakers today.

The Senate last night followed the House's action earlier in the day and passed a bill that that includes a temporary stabilization fund for corporate credit unions.

Seven former credit union employees have been banned from working at federally insured financial institutions because they have been convicted or pled guilty to crimes or agreed to a consent decree.

GREENBELT, Md. -- The NCUA should be careful when revamping the corporate credit union system so as not to deprive natural person credit unions of vital services,

Though Senate Banking Committee Chairman Christopher Dodd (D-Conn.) has for a long time been interested in clamping down on what he sees as misleading practices

The fate of the stabilization fund for corporate credit unions could be decided in the House this week as a congressional panel directs its attention to the health of the corporate credit unions.

Less than 24 hours after it was passed President Obama today signed a measure that creates a stabilization fund for corporate credit unions.