Credit unions certainly were not immune from the affects of the Great Recession. As a result of the downturn, many members have become delinquent on outstanding loans. Over the past few years, many credit unions have been forced to either reduce or renegotiate the debt owed to them by numerous...
Credit unions could get a reprieve from the requirement that they book their loans at their current value on their balance sheets, as a result of decision made today by the Financial Accounting Standards Board.
Anyone in our industry can tell you that more members are being served by fewer credit unions today.
Credit unions would have to book their loans at their current value on their balance sheets under proposed rules issued by the Financial Accounting Standards Board.
WASHINGTON - The vast majority of credit unions would have five or six years to make any changes to accounting standards that result from efforts to rewrite parts of the generally accepted accounting procedures.
Distinguished lawmakers, regulators as well as a rock band will be appearing at CUNA's Governmental Affairs Conference next month.