ABA economist responds to NCUA announcement, says $1.4 billion suburban Dallas credit union remains critically undercapitalized, delinquencies continue to rise.
Of the nearly 70 comment letters the NCUA has received so far in reaction to its proposed amendments to the CUSO rule, it’s no surprise that the majority are opposing the measure.
There’s too much going on these days to focus on one thing. Sure there are lots of options to write about but it can also be distracting. So here’s a spin around the credit union industry in 800 words or less to highlight a few big issues.
Changes would let NCUA help to a troubled credit union or a credit union acquiring one to count as regulatory net worth.