Corporate credit unions

The corporate credit union has begun transitioning nearly 600 clients to the new platform.

All 11 corporates have signed on as agent members of the CLF, boosting its borrowing authority by $13 billion.

Rodney Hood, chairman of the National Credit Union Administration, says the agency's Central Liquidity Facility can be a vital backstop if a crisis occurs, but it will be stronger if more credit unions chip in to make it a success.

A credit union-specific liquidity backstop is far less popular than other options such as the Federal Reserve's discount window. The National Credit Union Administration wants to change that.

The National Credit Union Administration board unanimously approved changes to an interim rule regarding the regulator's Central Liquidity Facility.

For the second time in a week, the National Credit Union Administration has delayed the deadline for public comment on a proposed regulation.

The Plano, Texas-based corporate credit union closed out the decade with a new milestone.

Vizo Financial Corporate Credit Union held its board election while other organizations announced promotions and awards.

At the end of the second quarter, the corporate institution will waive service fees and issue bonus dividends to its member credit unions.

Several megabanks have sued the National Credit Union Administration claiming breach of settlement in a previous case related to mortgage-backed securities, but trends may favor the agency.