The NCUA says it's not developing a contingency plan for helping credit unions that stay deal with any new costs from more departures.
Dennis Adams said he doesn't read too much into handful of planned conversions from NCUA coverage to his company.
American Share Insurance cites lower yields on bonds, weaknesses in some of its markets for rate hike.
Forget the debate over whether or not a credit union should keep offering free checking accounts, there are signs credit unions may eventually have to decide whether or not to charge their members fees for holding deposits.
A death sentence for credit unions? An impetus to change the business model? Depends on who you ask.
The interchange cap, loan demand, compliance burdens and corporate pricing are all figuring in the early discussion of those newly named Federal Reserve panels composed of bank and credit union CEOs.
Those are among the red flags raised in the early comment letters filed with the NCUA on the proposed corporate credit union rules that the NCUA sent out for comment last month.
The financial crisis and recession had increased uncertainty about the safety of financial institutions. In addition, credit unions are generally less visible than banks.
The NCUA is using television, radio and billboards to spread the word about deposit insurance.
As I come to the end of my term as a board member and chair of NAFCU, it is with particular pride that I reflect upon how our industry has evolved over the last decade.