“We have known, and warned about, this risk for some time,” Metsger said, “but the bill is about to come due."
NCUA board members explain Thursday's vote and credit union officials react to the news.
The NCUA board approves the merger as well as increasing the NOL to 1.39%.
This week, the NCUA board meets to consider items including operating levels and the corporate stabilization fund.
The NCUA board takes on two high-profile issues during its meeting next week.
Republican Representative says the NCUA has not made a justifiable case to increase its normal operating level.
The deadline to speak out about the NCUA’s proposed merger of the corporate credit union and share insurance funds is Tuesday, Sept. 5.
The NCUA is optimistic that the Corporate Stabilization Fund can merge with Share Insurance Fund.
The NCUA announces four permanent funds receive a clean audit for 2016.
How credit unions are keeping threats at bay.