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.
This is a prediction you can take to the credit union. During the presidential campaign there are some phrases you won’t hear. “The government isn’t spending enough money.” “China doesn’t own enough of U.S. assets.” And “One of my top priorities is to raise the cap on credit union member...
For many years, NASCUS was one of few voices supporting supplemental capital. Today, we've been joined by many in the credit union system who are eager for other means of raising capital in addition to retained earnings.