NCUA data shows mortgage originations fell from $103B annualized in 1Q2013 to just $42.6B in 1Q2014.
A $306M credit union files 52 letters. CUSO CU*Answers files 129.
Both CUNA and NAFCU say the NCUA's letter to Congress on risk-based capital doesn't address concerns.
Three of the nine are individuals are from the same credit union.
NCUA Chairman Debbie Matz also told Congress the board will consider extending the rule's phase-in period.
The former assistant manager/treasurer of the failed GICFCU receives federal prison sentence and hefty restitution bill.
Read five major concerns trade associations air in their risk-based capital comment letters to the NCUA.
the $258M Five Star Credit Union in Alabama gained NCUA approval to purchase the $21M Flint River Bank.
Credit unions shouldn't have to engage in such a convoluted regulatory kabuki dance to serve more consumers.
The House Financial Services Chairman asks the NCUA to explain how examiners use reputation risk to judge safety and soundness.