Almost 75% of the U.S. House of Representatives sign a letter requesting changes to the NCUA's risk-based capital proposal.
Credit unions could accept supplemental capital that wouldn’t be insured by NCUSIF and would be subordinated to other claims, according to provisions of a bill introduced by Rep. Peter King (R-N.Y.) and Rep. Brad Sherman (D-Calif.).
Credit unions have worked very hard over the past few years and have seemingly come through the worst economic times since the Great Depression. We as an industry are still able to say that we did not need the government to bail us out, and that credit unions are still...
ABA economist says supplemental capital bid "another attempt by credit unions to be more like banks."
Credit unions could accept supplemental capital that wouldn’t be insured by the NCUSIF and would be subordinated to other claims.