Two Technology Credit Union members have joined forces to fight the potential coversion to a bank charter. Carlos Rodriguez and Robert Marinace announced July 18 the creation of “Save TCU,” a group to organize other members opposed to the move.
Lobbyist claims few credit unions want MBL cap increase.
ABA economist responds to NCUA announcement, says $1.4 billion suburban Dallas credit union remains critically undercapitalized, delinquencies continue to rise.
Over the last couple of years, a small coalition of credit unions has built up the background and the foot soldiers to help maneuver supplemental capital legislation through Congress.
A small coalition of credit unions has built up the background and the foot soldiers to help maneuver supplemental capital legislation through Congress.
Ask corporate credit union senior executives what keeps them up at night and for many, it’s whether they can grow their business.
Credit unions, credit union trade associations and CUSOs have weighed in against the NCUA's December 2011 proposal to cap and limit credit unions’ use of loan participations in an attempt to protect them from concentration risk.
The NCUA's proposed cap and limit on credit union purchase of loan participations would hurt credit unions' abilities to lend and effectively minimize their ability to limit risk.
Credit unions could accept supplemental capital that wouldn’t be insured by NCUSIF and would be subordinated to other claims, according to provisions of a bill introduced by Rep. Peter King (R-N.Y.) and Rep. Brad Sherman (D-Calif.).
ABA economist says supplemental capital bid "another attempt by credit unions to be more like banks."