Vulnerability Summary for the Week of December 22, 2008

CUNA last week again urged the NCUA Board approve full deposit insurance coverage for noninterest bearing transaction accounts–as the Federal Deposit Insurance Corp. has provided for the banks it insures.

U.S. Central has joined a host of financial institutions receiving substantial credit rating downgrades in recent days during the historic dislocation in global credit markets.

U.S. Central announced it had recorded net income of $32.8 million for November, bringing its year-to-date earnings to $108.7 million.

Latino Community Credit Union has earned a $60,000 Innovation Grant from the National Credit Union Foundation to create a “Culture of Savings” throughout a state with one of the fastest-growing Latino populations.

A shaky economy and its impact on balance sheets has led to cutbacks in companies’ medical benefits programs for retirees.

Pennsylvania’s credit unions reported growth in earnings, membership and loans for the period ending Sept. 30.

The Federal Reserve Board has adjusted its Home Mortgage Disclosure Act (HMDA) asset size data collection requirement threshold for 2009 from $37 million to $39 million.