Attorney Guy Messick explains the importance of CUSOs.
The NCUA's MBL rule proposal could position credit unions as valuable community lending sources.
This year has been an exciting and pivotal year for CUSOs as they continue to be an incredibly important part of the credit union industry.
When done well, loan participations spread income making opportunities to the buyers and provide funds for the sellers to serve more members.
All of us in the credit union industry–regulators, credit union professionals and directors–have a role to play. Our actions have consequences both short term and long term. I fear that the actions of some of us are leading credit unions on a path to mediocrity.
The NCUA is currently considering amendments to Part 703, the investment regulation. NCUA has not yet issued proposed changes.
The NCUA is currently considering amendments to Part 703, the investment regulation. NCUA has not yet issued proposed changes. From them, consider this idea: a mutual fund of credit union loans.