Relief fund established to assist in recovery efforts.
February 24, 2011
Officials from the New Zealand Association of CUs are still assessing damages caused to their member organizations by Tuesday’s devastating earthquake that all but leveled Christchurch, the country's second-largest metro area.
With the virtual collapse of the residential lending industry and loss of general confidence in its institutional processes, appraisals have come under intense scrutiny while assuming new levels of complexity.
CUNA continues to have grave concerns with the Federal Accounting Standards Board credit impairment proposal, concerns it expressed in a letter to National Credit Union Administration Chair Debbie Matz Tuesday.