Three asset classes in the NCUA's risk-based capital proposal are better than the banks' Basel requirements.
William Bruns brings more than 26 years of federal auditing experience to the position.
NCUA data shows mortgage originations fell from $103B annualized in 1Q2013 to just $42.6B in 1Q2014.
A $306M credit union files 52 letters. CUSO CU*Answers files 129.
Both CUNA and NAFCU say the NCUA's letter to Congress on risk-based capital doesn't address concerns.
Three of the nine are individuals are from the same credit union.
NCUA Chairman Debbie Matz also told Congress the board will consider extending the rule's phase-in period.
Member service rep claims he worked up to 45 minutes a day off the clock. Suit also alleges racial slurs.
Read five major concerns trade associations air in their risk-based capital comment letters to the NCUA.
The House Financial Services Chairman asks the NCUA to explain how examiners use reputation risk to judge safety and soundness.