Keith Leggett’s Credit Union Watch
Keeping an eye on the credit union scene.
Monday, November 20, 2017
GOP Lawmakers Urge HUD to Review and Amend Out-of-Date Disparate Impact Rule
A group of Republican lawmakers wrote Housing and Urban Development Secretary Ben Carson on November 15th about the agency's out-of-date...
Friday, November 17, 2017
IH Mississippi Valley CU to Build New $26 Million HQ, Project Receives Tax Incentives
Moline City Council approved the city's development agreement with IH Mississippi Valley Credit Union (Moline, IL). The city will sell...
Thursday, November 16, 2017
Taxi Medallion Loans Impact Two NJ CUs
Several New Jersey credit unions with exposure to taxi medallion loans experienced additional deterioration in their financial performance. ...
Wednesday, November 15, 2017
Losses to NCUSIF from Taxi Medallion Could Reduce or Eliminate NCUSIF Distribution in 2018
Losses from taxi medallion loans to the National Credit Union Share Insurance Fund (NCUSIF) could jeopardize 2018 distribution from the the ...
Tuesday, November 14, 2017
Low-Income CU Secures $12 Million in Secondary Capital
Jefferson Financial Federal Credit Union (Metairie, LA) recently completed the first funding installment of its National Credit Union Admini...
UtahPolicy.Com Calls for Scrutiny of CU Tax Exemption
UtahPolicy.Com is calling on Senator Orrin Hatch (R - UT) and Congress to scrutinize the tax exempt status of large credit unions. Accordi...
Monday, November 13, 2017
Delinquencies Up Almost 25 Percent During Q3 at Taxi Medallion Lender Progressive CU
Troubled taxi medallion loans caused a decline in asset quality at Progressive Credit Union (New York, NY) during the third quarter of 2017....
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