CUSO leaders cry foul on the NCUA's proposed risk-based capital rule because it assigns the highest risk weight to CUSOs.
NACUSO President/CEO Jack Antonini writes in his comment letter the 250% CUSO risk weight is arbitrary and unsupported by data.
NCUA board member will discuss the role of the regulator in managing CUSO investment and operational risks.
Now that the NCUA board has approved a proposal that would require all CUSOs to file financial reports directly with the regulator and the appropriate state supervisory authority, some CEOs of member business lending CUSOs have weighed on what the the changes may mean for their operations.
Association pleased NCUA listened to CUSO concerns, but overall still skeptical about rule.
Trade group meets with new NCUA Board member to explain position on proposed CUSO rule changes.
For some credit unions and CUSOs, the newly approved changes to the loan participation rule are apt to leave a bittersweet residue within their business loan portfolios.
Topics will include how to save money and resources through cooperation.
While it’s valid for the NCUA to make risk management a priority when it comes to business lending, recent guidance from the regulator could hinder and discourage credit unions and CUSOs running solid programs.
LAS VEGAS — What good would offering members a new app for their mobile phones or building a stronger social media presence do if there is a crumbling wall of trust between a CEO and employees? Credit unions continue to be reminded that survival for many of them means earning...