Credit unions awaiting NCUA final rules on emergency liquidity, CUSOs and loan participations can breathe easy until late 2013.
Trade presents its 2012 Report on Credit Unions, notes 30% intend to access liquidity in the next 12 months.
NCUA declares three-year corporate system rescue effort complete.
Final liquidity rule not on October agenda for NCUA Board.
Liquidity management and contingency funding planning also in package.
The NCUA’s September economic video review includes a final pitch for credit unions to finalize a new emergency liquidity provider before U.S. Central closes down.
Sessions focus on proposed liquidity rule, changes to CLF and the Low-Income Credit Union eligibility initiative.
The webinar is scheduled for 2 p.m. EDT on Tuesday and credit unions can register for the free event on the NCUA’s website.
Why be concerned about your credit union’s liquidity now? Because rising interest rates are likely to be accompanied by flight-to-safety funds inflow.
Problems in Greece, Spain and other Euro zone countries could show up on credit union balance sheets, according to industry economists.