Learn the latest on how credit unions are preparing to comply with the rule, including a recent clarification from the NCUA.
In line with a revised NCUA rule, certain federally insured credit unions must amend their CUSO contractual agreements before the June 30 effective date.
Only credit union-CUSO deals that involve an investment or outstanding loan must amend contractual agreements.
For some credit unions and CUSOs, the newly approved changes to the loan participation rule are apt to leave a bittersweet residue within their business loan portfolios.
Now that the NCUA has approved a final loan participation rule, some are still concerned about some of the long-term impacts.
There is a growing industry backlash against the criteria for member business loan waivers.
NCUA program officer gets an earful about business loan waivers from NACUSO attendees.
LAS VEGAS — Some say credit unions, CUSOs get mixed messages about who's responsible for due diligence in business lending.
Booking loans with good yield or giving up yield for more loans. For some credit unions, it’s a dilemma that plays out in a loan participation transaction where revenue is desired but not at the expense of making sacrifices on yield.
At one point, the high-flying commercial lending CUSO formed through Eastern Financial Florida Credit Union funded more than $200 million in business loans and served dozens of credit unions nationwide.