It's Time for the NCUA to Update its Sale-Leaseback Guidance

Credit union legal expert shares six suggestions for revising guidance that the agency released in 1981 and has yet to change.

By Steven Eimert | April 07, 2021 at 09:00 AM

It's 1981: The Iron Curtain divides Europe, Ronald Reagan is our new president, Kurt Russell is a big movie star, the prime rate is 20% and the NCUA has just issued its official guidance – IRPS 81-7 – on how credit unions can engage in sale-leaseback transactions to generate profit and raise capital from their owned operating real estate.

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