Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
NCUA comment period closed Monday on proposed threshold to be defined as small credit union.
If the NCUA board’s proposed $30 million limit to define small credit unions stands, 1,603 credit unions would be excluded from risk-based net worth requirements and a provision of the interest rate risk rule, according to the NCUA’s action memo on the topic.
ALEXANDRIA, Va. — Increase among proposed rules approved Thursday by NCUA Board at its meeting Thursday.
NCUA Board member Michael Fryzel defended NCUA examiners in a June 11 letter to the editor after an online editorial accused the regulator of “trying to destroy small credit unions.”
Board member says agency not "trying to kill small credit unions." Utah league exec recounts typical exchange: "You'll make it. But others won't."
The video explains the Office of Small Credit Union Initiatives' four major programs – training, loans and grants, partnership and outreach, and direct assistance.
The New York Times pointed to the National Credit Union Foundation’s efforts to help borrowers with poor credit get car loans.
A community development banking listserv with more than 4,000 subscribers has a new manager as its founder moves to the NCUA.