The financial crisis may seem like a thing of the past nowadays, but in the words of a philosopher, “those who do not remember the past are condemned to repeat it.”
Insufficient capital during the financial crisis helped caused natural person credit union failures that cost the share insurance fund $750M.
NCUA Director of the Office of Examination and Insurance Larry Fazio explains the agency's controversial proposed rule.
This Opinion piece looks at the NCUA's corporate credit union rescue and the accompanying assessments, and what's in store next.
Sarah Snell Cooke’s column, “Parsing the Possible Harm Awaiting NCUSIF” (Aug. 17 issue) presents some unfounded extrapolations about potential losses to the NCUSIF. The column simply took the assets of all CAMEL 4 and 5 credit unions, assumed they would all fail and applied the average loss ratio of 17%...