CUNA expands regulatory Advocacy Report distribution while NAFCU reports sharp uptick in compliance help requests.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Becker said he's heard reports of interest rate risk being tested under what he called "absurd" scenarios.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
NAFCU last week outlined a five-point regulatory relief plan the trade will pursue this year.
NCUA chair touts stewardship of four agency funds.
House passed privacy notice reduction legislation in December but Senate never took it up.
Measure would allow NCUA to allow healthy, well-managed credit unions to accept supplemental forms of capital.
California Republican Ed Royce and co-sponsoring Democrat Carolyn McCarthy of New York bring MBL cap-raising bill back for 2013 session.
Alabama, Georgia, Kansas, Montana, Nebraska, Ohio, Texas and West Virginia would join Oklahoma, South Carolina and Michigan in challenge to CFPB, FSOC.