Here are links to discussion and resources about the NCUA Corporate Stabilization Program:
Resources from the NCUA itself and CUNA:
- NCUA Corporate Stabilization Program resources
- CUNA Advice and Calculators
- President/CEO of US Central, Francis Lee, offers an open apology (pdf)
Webinars/teleconference about it:
Blogs about it:
- CUES Skybox: Corporate Stabilization: The longer view
- EasCorp’s Melchionda calls for more heads to roll at US Central
- Unrealized Losses (This is AMAZING insight)
- Jeffry Pilcher’s Financial Brand (Don’t Tarp CUs, Tarp on CUs, CU Soapbox)
- Matt Davis, the CU Warrior
- Tim McAlpine
- Ron Daly, on CU Soapbox
- My guest post on OpenSource CU
- CUES Skybox: Thousands dial in to discuss stabilization plan
- CUES Skybox: NCUA’s Marquis on Corporate Stabilization
- Christian Mullins: Estimated costs of NCUA program
If you are an employee of a CU, League, or Corporate, discussion here:
Credit union reaction/outrage:
- Unrealized Losses: Jim Blaine, CEO of SECU (NC) (2nd largest CU in the US) responds on why he pulled investments out of corporate at end of 2007
- CUES Skybox: CEOs are angry and upset (see comments)
- Navy FCU says NCUA plan is unacceptable
- CU Times: CEO Blaine says no need for CUs to take TARP
- CU Times: State Leagues join in Anger over NCUA Assessment
News articles:
- Wall Street Journal: U.S. moves to bail out credit union network
- Washington Post: U.S. aid goes to Credit Unions
- Seeking Alpha: Now it’s the credit unions’ turn to be in trouble
- CU Times: US Central earns an F from Fitch
Here’s what Corporate Credit Unions are saying:
- Constitution Corporate (Connecticut)
- Corporate America Credit Union
- MembersUnited FCU (Important note: The CEO of Members United Corporate FCU is the Chairman of the Board of US Central FCU, the Corporate Credit Union’s Corporate Credit Union)
- Southwest Corporate Federal Credit Union
- Volunteer Corporate (Tennessee)
- West Virginia Corporate Credit Union
- WesCorp
Please feel free to improve the wikipedia article I started on it:
- NCUA Corporate Stabilization Program on wikipedia
Happy Halloween!
