In what CUNA Deputy General Counsel Mary Dunn acknowledged has become a somewhat rare occurrence, CUNA has commented in a largely approving manner on the NCUA's most recent proposal for how CUs should track troubled debt restructured loans.
Approximately 45% of federally insured credit unions would have to develop extensive new interest rate risk management policies, according to a rule issued by the NCUA on Thursday
Sarah Snell Cooke’s column, “Parsing the Possible Harm Awaiting NCUSIF” (Aug. 17 issue) presents some unfounded extrapolations about potential losses to the NCUSIF. The column simply took the assets of all CAMEL 4 and 5 credit unions, assumed they would all fail and applied the average loss ratio of 17%...
NCUA says plan proposed Thursday came from requests from credit union executives.