Measure would allow NCUA to allow healthy, well-managed credit unions to accept supplemental forms of capital.
Measures go before House, Senate panels in Olympia; supplemental capital proposals dropped from bills.
Eight credit unions from five states join coalition to back pending legislation that would authorize supplemental capital injections.
Credit unions and their trade associations are lobbying members of Congress in their home states while lawmakers are home for spring break.
A small coalition of credit unions has built up the background and the foot soldiers to help maneuver supplemental capital legislation through Congress.
There’s a new sheriff in town to wrangle up support for credit union access to supplemental capital.
Trade says no endorsement without member business lending or supplemental capital relief.
ABA economist says supplemental capital bid "another attempt by credit unions to be more like banks."
The three big credit union trade associations worked for years to find a way to allow supplemental capital for non-low income credit unions.
Credit unions could accept supplemental capital that wouldn’t be insured by the NCUSIF and would be subordinated to other claims.