This online only article accompanies the comprehensive looks at the year gone by in the Dec. 21 Year-in-Review print edition of Credit Union Times.
Though it has not said it in writing, the NCUA is asking credit unions to make decisions on corporate credit unions by the first part of next year.
While credit unions are digesting the new corporate credit rules, the NCUA is preparing to release a new one that will address revenue issues.
Credit unions are in the risk business. If you don't take risk, you go out of business. It's as simple as that. However, take too much risk and you go out of business, too.
Interchange remains the topic du jour. Many pieces of this issue are puzzling, not the least of which is the process in which it came about. Namely, there wasn't one.
The FTC just came out with disclosure regulations regarding private deposit insurance-more than two years after the financial crisis started and 20 years after the original law.