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.
Read improvements CUSO leaders say the NCUA can make to its proposed CUSO rule.
NCUA spokesman confirms meeting cancellation was to delay release of rule so more work could be done. CUSO lawyer, NACUSO CEO approve.
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.
Federal credit unions can sell loans to mutual funds, with certain restrictions, the NCUA says.