Former NCUA Board Member David Chatfield says Rick Metsger's appointment to vice chairman could be valid, but looks bad.
Program debuted after NCUA eased loan concentration limits.
NCUA Chairman Debbie Matz says she consulted with general counsel before appointing Rick Metsger vice chairman.
Half use the funds to launch a new product or service, the NCUA says.
Metsger could serve as chairman if Matz is unavailable and could also have political implications.
Read how NCUA Board Member Rick Metsger championed a new proposal to eliminate the 5% fixed assets ratio.
Las Vegas conferences, NCUA oversight, interest rate risk, the fixed asset cap, taxes and the CFPB take hits in this editor's column.
Melissa Rae Rosing receives a prohibition order after pleading guilty to theft from the $15M Southwest Communities FCU.
A credit union lawyer weighs in on a measure that could level the playing field with banks.
Former state official says a California chartered credit union has never converted to a bank.