Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  |  Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  |  Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  |  Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  |  Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  |  Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  |  Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  |  Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  |  Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  |  Fed Funds Rate .21%  |  Fed Reserve Target Rate .25%  |  Prime Rate 3.25%  |  1-Month LIBOR .30%  |  3-Month .45%  |  30-Year Fixed 4.56%  |  6-Month UST .19%  |  2-Year UST .55%  |  5-Year UST 1.60%  |  10-Year UST 2.91%  |  30-Year UST 3.99%  | 

Latest News

Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more
Most Agree Blame For Corporate Failures Goes Far Beyond NCUA
CU Journal 7/19/10 more
NCUA Files Insurance Claims Against Officers, Directors Of U.S. Central
CU Journal 7/1/10 more
Corporate America Gets Court Date with U.S. Central
CU Times 3/29/10 more
Capital for corporates now?
The Safety & Soundness Report more
Capital at 'Solvent Five' Survives Total U.S. Central Impairments
CU Times 1/6/10 more

Your savings federally insured and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency

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 Rates

Funds Advantage Rate
Tier I
($20MM+)		 0.30%
Tier II
($10MM+ < $20MM)		 0.30%
Tier III
($5MM+ < $10MM)		 0.30%
Tier IV
($0MM+ < $5MM)		 0.30%
Other Rate
Super 30 0.44%
Paid-in-Capital 1.68%
Paid-in-Capital III 5.000%

Last Updated 7/30/2010 7:21 AM

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Corporate America Can Sue U.S. Central's Accountants Corporate America Can Sue U.S. Central's Accountants Corporate America Can Sue U.S. Central's Accountants


Credit Union Times 2/26/2010
By Heather Anderson


Corporate America Credit Union won round one late Thursday afternoon in its lawsuit against U.S. Central and its accounting firm RubinBrown. U.S. District Judge Inge Prytz Johnson denied RubinBrown’s two motions to dismiss the case.


The order does not apply to U.S. Central’s former directors and volunteers also named in the suit. That decision, which will also be written by Johnson, will be released separately.


St. Louis based RubinBrown argued a lack of personal jurisdiction, but Judge Brown opined the firm met “minimum contacts” due process in Alabama because it prepared the PIC II valuation report for U.S. Central members.


The defendant’s motion to dismiss or stay the lawsuit due to binding arbitration agreements between RubinBrown and U.S. Central was also denied.


Judge Brown’s language signaled she is taking Corporate America’s securities fraud claim seriously, as she repeatedly referred to U.S. Central’s “PIC II securities.”


U.S. Central’s defendants argued their case should be dismissed as it was a derivative claim because investment losses were suffered by U.S. Central, and not a direct claim by Corporate America. However, Corporate America CEO Thomas Bonds told the Credit Union Times Jan. 27 his corporate was claiming securities fraud against U.S. Central, which is a direct claim. Due to the cooperative structure of credit unions and capital, and limited issuance to members only, corporate PIC doesn’t neatly fit into the definition of a “security.”

Original Article