WASHINGTON—Credit unions necessarily involve risk. That is inescapable, said the panelists at a well-attended breakout at CUNA's Governmental Affairs Conference. The other, sharp side of that reality is that the NCUA has made it plain how the boards of directors oversee the risks faced by their credit unions will...
WASHINGTON — It’s a risky business – made riskier with NCUA oversight of the responsibility of directors in overseeing the risks faced by their credit unions.
Are your collections people isolated from the rest of the credit union, as though they were on an island?
Credit union concern over NCUA's financial literacy rules for directors continued to peak Wednesday with CUNA now counting what it called a "huge" signup--1,800 participants--for an audio conference Thursday on the topic.
Credit union attorneys were being warned Thursday to prepare their clients for much tougher scrutiny from examiners on loan portfolios, performance ratios and much more given the negative economic climate.