The NCUA is going back to the drawing board on its CUSO rule and the industry is happy.
CUNA contends that the NCUA’s proposed rule mandating that most credit unions have an interest rate risk policy isn’t needed because most credit unions have such plans in place while NAFCU just wants the proposal tweaked a bit.
A new legislative and regulatory advocacy committee with a focus on issues affecting CUSOs and their credit unions is the latest effort coming from NACUSO.
What has the diminished role of corporate credit unions meant for CUSOs of natural person credit unions? The answer is some challenges but lots of opportunities.
In the economy's heyday, when the flow of credit gushed abundantly to small businesses and lines of credit and leased new equipment were granted freely, some lenders seldom, if ever, asked for a personal guarantee. Then the recession hit.
LAS VEGAS -- Looking ahead, NACUSO is putting plans in place to facilitate the development of a new CUSO model built on a more integrated network and aims to quell fighting over capturing business from new credit union signees.
While acknowledging some credit unions have had problems within their member business lending portfolio over the past year,
Eliminating the requirement of obtaining personal guarantees for business loans unless a waiver is granted will be the main focus of a comment letter to the NCUA from NACUSO General Counsel Guy Messick.
More than 30 credit union and CUSO representatives recently showed up for NACUSO's first regional meeting near Washington to talk shop about collaboration strategies to help fuel growth and sustainability.
WASHINGTON -- Two breakouts sessions at this year's Government Affairs Conference urged credit unions to adopt strategies that speakers said may be key to credit union survival in the U.S.