The NCUA outlined prospects for the timing of Temporary Corporate Credit Union Stabilization Fund refunds Thursday, and presented a detailed summary of the condition of the funds. NCUA reported that the current balance of the fund is $1.5 billion.
CUNA wrote in support of legislation Monday that is a step forward in addressing the threat of litigation under the Americans With Disabilities Act, urging legislators to consider how credit unions are being impacted by frivolous litigation.
After weeks of hurricanes, and now wildfires, it’s more important than ever for credit unions to be prepared for disasters. Federally insured credit unions are required to have disaster recovery and business resumption plans.