The NCUA's capital proposal would require affected credit unions to hold $6.3 billion in additional capital to achieve current capital cushion.
Members surveyed also reported their average Target breach cost was $45,000.
More credit unions said they saw improvements last year in the NCUA examination process, but experienced a decline in their examiners’ capabilities, according to a survey published in the September issue of NAFCU’s monthly Economic & CU Monitor newsletter.
Respondents air it out in trade group's survey. NAFCU says it's seeking transparency.
Trade associations are hopeful the NCUA will reduce its 2013 operating budget during its monthly board meeting July 25. While the board’s open meeting agenda has not yet been released, historically the federal regulator makes mid-year adjustments to the operating budget and announces the annual corporate assessment rate in July.
CUNA reports overall loan growth, NAFCU cites credit card balance uptick and worries about sequester.
The U.S. housing finance market may be poised for a historic shift away from a long trend of primarily refinancing existing real estate loans to primarily funding new real estate purchases.
Credit Union Economics Group meets with Federal Reserve officials for 11th year.
Industry economists agree that if the U.S. plunges off the fiscal cliff Dec. 31, credit unions probably won’t see any ill effects right away. However, even if a so-called grand bargain is reached between Democrats and Republicans, credit unions could see the loan growth momentum gained this year grind to...
Lending, liquidity and tax exemption are three areas where the search for the Grand Bargain could impact credit unions.