Sen. Claire McCaskill (D-Mo.) says rule would hurt small dollar investors and small employers.
Credit unions can retain boomer members by promoting financial education, investment accounts.
Rule would eliminate the 5% limitation on federal credit union investments in fixed assets.
The NCUA reports federally-insured credit unions earned $721.9 billion in loans during Q1 2015.
WASHINGTON—NCUA board debates new corporate standards, association FOM rules.
When it comes to managing their balance sheets, credit unions should keep the notion of change in mind.
Fourth quarter 2014 data shows improved lending, member growth and net worth.
Toss out the rule book to increase retail investment and insurance penetration rates.
Read how credit unions are addressing future rate hikes as they plan for the future.
Agency says outstanding loan balances rose 10.1% from the third quarter of 2013 to $695.3 billion.