News

Federal Reserve Announces Enforcement Action Against Goldman Sachs 

Posted by Marissa Anema Tuesday, September 06, 2011 11:21:00 AM
The Federal Reserve Board (Fed) announced last week a formal enforcement action against the Goldman Sachs Group, Inc. and Goldman Sachs Bank USA to address a pattern of misconduct and negligence... read more
 

U.S. Sues Major Banks Over Fannie, Freddie Losses 

Posted by Marissa Anema Tuesday, September 06, 2011 11:20:00 AM
On Friday, the Federal Housing Finance Agency (FHFA), the federal agency that oversees Fannie Mae and Freddie Mac filed lawsuits against numerous big banks, claiming they sold nearly... read more
 

NJCUL Offers First Look at 2nd Quarter 2011 New Jersey Credit Union Statistics 

Posted by Marissa Anema Friday, September 02, 2011 11:20:00 AM
HIGHTSTOWN, N.J. - NJCUL has been offering member credit unions summaries of New Jersey credit union quarterly statistics compiled by CUNA. The preliminary statistics for second quarter 2011 are now... read more
 

NCUA Offers Guidance on Emergency Financial Services for Disaster Victims in Wake of Hurricane 

Posted by Marissa Anema Thursday, September 01, 2011 11:12:00 AM
ALEXANDRIA, Va. - NCUA in a letter to credit unions (11-CU-13) provides guidance regarding the services federal credit unions may offer to those experiencing financial emergencies due to Hurricane... read more
 

Some N.J. CUs Still Disrupted by Irene; Fully Functional CUs Offer Help 

Posted by Marissa Anema Wednesday, August 31, 2011 11:15:00 AM
HIGHTSTOWN, N.J. - As the League made calls to credit unions across the state assessing the damages sustained by Hurricane Irene over the weekend, we learned that some New Jersey credit unions are... read more
 

CUAid Activated for Credit Unions Affected by Hurricane Irene 

Posted by Marissa Anema Wednesday, August 31, 2011 10:36:00 AM
MADISON, Wis. - The National Credit Union Foundation (NCUF) has activated the online disaster relief system CUAid.coop to raise money for credit union people along the East Coast affected by... read more
 

League Assessing Hurricane Damage to CUs, Assistance is Available 

Posted by Marissa Anema Tuesday, August 30, 2011 1:10:00 PM
HIGHTSTOWN, N.J. - The New Jersey Credit Union League has been calling New Jersey credit unions over the past two days to assess the damages due to Hurricane Irene. So far, the League has learned of... read more
 

NCUA Votes to Assess 25bp for Corporate CU Fund, Summary of Board Meeting Available on League Site 

Posted by Marissa Anema Tuesday, August 30, 2011 1:00:00 PM
ALEXANDRIA, Va. - On Monday, the NCUA Board voted that credit unions will be assessed 25 basis points (bp) of their total insured shares to help cover corporate credit union stabilization costs. The... read more
 

NJCUL Up and Running, CUs Can be Served 

Posted by Marissa Anema Monday, August 29, 2011 10:55:00 AM
HIGHTSTOWN, N.J. - The New Jersey Credit Union League is up and running despite this weekend's hurricane. New Jersey credit unions that need our assistance today can and will be served. Please... read more
 

State Issues Financial Institution Hurricane Disaster Bulletin  

Posted by Marissa Anema Friday, August 26, 2011 10:05:00 AM
TRENTON, N.J. - As hurricane Irene approaches the Garden State, the NJ Department of Banking & Insurance (DOBI) yesterday issued a recommended disaster preparedness bulletin to all state... read more
 
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