NCUA

The regulator’s move comes as Congress is considering legislation that would offer credit unions an even lengthier delay.

Credit union trade groups are lauding the Senate's move to provide $250 million for the Treasury Department's Community Development Financial Institutions fund.

Greater Christ Baptist Church Credit Union had assets of just $608,000, and saw mounting losses during each of the last three years.

The National Credit Union Administration's ruling bans a former CU employee from participating in the affairs of any federally insured financial institution.

Credit unions and banks continue to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.

The House appropriations bill would also expedite the appeals process for CFPB examination decisions and reduce the number of times big banks must submit resolution plans to every two years.

The nine CUs will together pay a total of $3,109 to the U.S. Treasury.

Without a template to follow and no taxpayer-funded bailout, NCUA's decade-long effort to resolve the fallout of the 2008 financial crisis is coming to a close.

The payment is likely to bring an end to the saga of the failed corporate credit unions, which began nearly a decade ago.

CUNA and NAFCU have asked the bureau to stop publishing consumer complaints and allow NCUA to handle that process for credit unions.