Having just returned from NACUSO’s 2011 Annual Conference in Las Vegas, I thought it would be appropriate to share some perspective on current issues and trends that will impact your credit union and its ability to survive and thrive.
LAS VEGAS — The common thread running through some of the credit unions that have recently experienced significant lending and operational troubles was the connection those losses had to their CUSO relationships.
LAS VEGAS — The NCUA said Wednesday it wants to do all it can to keep an S&L-like crisis from occurring within the credit union industry.
LAS VEGAS — NCUA Board Member Gigi Hyland said Wednesday the agency needs more authority in dealing with CUSOs to help prevent credit union failures.
WASHINGTON — Comparing her agency to a police officer that prevents bad drivers from hurting good ones, NCUA Chairman Debbie Matz said the agency's strong enforcement saved the insurance fund about $1.5 billion.