Don't Let Risk Rule Water Down Divine Service
I sure do feel for Mark Holbrook and the folks at Evangelical Christian Credit Union. As he told Credit Union Times, the NCUA's proposed risk-based capital rule jeopardizes his business model.
In case you’re not familiar with this $1.1 billion Southern California shop, Evangelical Christian isn't your average natural person credit union. The 11,600-member credit union does have individual members, but the bulk of its assets come from churches, schools, missionaries and other ministries, and are classified as business members.