Corporate credit unions

NCUA Chairman Mark McWatters has written a letter to a House Financial Services Committee member defending the agency’s use of a contingency arrangement to recover funds lost during the corporate credit union crisis.

With lawmakers reportedly looking into NCUA’s $1 billion legal bill, some members of the NCUA board behind that arrangement say they’re unsure what exactly legislators are hoping to accomplish.

Republican members of Congress are pressing the regulator for details on the high attorney's fees it has incurred in its quest to recover losses from the corporate credit union collapse.

After having insisted many times that it couldn't begin returning funds to CUs until 2021, the agency may have found a way to start making payments as early as 2018.

PSCU will provide processing and support services for 55 Corporate One CUs, representing nearly 100,000 cards and accounts.

Second settlement of the week pushes recoveries by the regulator from MBS suits to $5.1 billion.

The trade group says that by merging the Share Insurance Fund and Corporate Stabilization Fund to issue dividends now – instead of in 2020 – the regulator could avoid instituting new premiums to the NCUSIF.

NCUA is teaming up with the CFPB to offer guidance related to new Home Mortgage Disclosure Act requirements.

NCUA's Larry Fazio offers glimpse at how the agency's Temporary Corporate CU Stabilization Fund has performed.

The merger of Missouri Corporate CU and Kansas Corporate CU continues the trend of consolidation among corporate credit unions and leagues.