Proposal requiring member FIs to maintain 10% of assets in residential mortgages is unpopular.
A total of $12,820 in civil money penalties will go to the U.S. Treasury.
The Alexandria, Va.-based credit union brings in $963M last year to boost assets to $17.8B.
Compared to other $10B+ cooperatives, the Vienna, Va.-based credit union tops the list for fee income.
Rule would require 10% of credit union assets in residential mortgages to stay in Federal Home Loan Bank system.
The $29B State Employees’ CU says it’s ready for NCUA’s stress testing procedure.
Quarterly NCUA report says membership growth at larger credit unions held steady while small CU membership declined.
Agency says outstanding loan balances rose 10.1% from the third quarter of 2013 to $695.3 billion.
Review the Top 20 credit unions by asset size and number of memberships.
While all comments regarding the proposed rule support securitization authority, most also say the NCUA is too restrictive.