Credit union shares, deposits top $1 trillion: NCUA

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA reported Thursday that total shares and deposits at federally insured credit unions grew past $1 trillion in the fourth quarter of 2015.Compared to the fourth quarter of 2014, share and deposit accounts overall increased $65.2 billion, or 6.9%.“Year-end data show the credit union system remains sound and focused on providing affordable financial services,” NCUA Board Chairman Debbie Matz said. “Rising deposits indicate consumer confidence in the system, and credit unions are turning those deposits into loans that allow members to buy homes, cars and other goods. New loans also grew by 15.8% in 2015. As lending increased, credit unions’ exposure to long-term investments declined. Nevertheless, (the) NCUA will continue to closely examine credit unions for interest rate risk.” continue reading »last_img read more

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Committee hears Rep Alexanders bill strengthening Legislatures oversight of FOIA requests

first_img Categories: Alexander News 15Mar Committee hears Rep. Alexander’s bill strengthening Legislature’s oversight of FOIA requests State Rep. Julie Alexander today testified before the House Oversight Committee in support of her legislation requiring state departments to notify the Legislature and governor when a Freedom of Information Act (FOIA) request is not fulfilled within 15 days of the initial request.The measure to increase transparency comes during Sunshine Week, which celebrates the importance of open government and freedom of information.“There’s nothing I can do to bring the sun out, but I can make sure we are staying dedicated to holding state agencies and departments accountable for freedom of information,” said Alexander of Hanover. “We need to rationally look at the bigger picture with this measure. As an elected official, I value accountability, transparency and open government.”Under Alexander’s plan, the governor, speaker of the House, Senate and House majority and minority leaders, appropriation chairs as well as the oversight committee chairs, must be notified if the request is not fulfilled in a timely manner.House Bill 5713 remains in the House Oversight Committee for further consideration.Photo Information: State Rep. Julie Alexander of Hanover today testified before the House Oversight Committee in support of her measure requiring state departments to notify the Legislature and governor when a FOIA request is not fulfilled within 15 days of the initial request.last_img read more

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