As community bankers push for call report reform, credit unions share their frustrations with the NCUA's process.
Credit unions have surpassed 100 million memberships nationally, according to data collected from credit unions in CUNA's June 2014 “Monthly Credit Union Estimates.”
On the heels of an ICBA survey about bank call report burdens, CUNA will measure the impact of 5300 reports and Form 4501A.
CUNA's June estimates report credit unions reached the major milestone.
SAN FRANCISCO – NCUA official Larry Fazio engages CUNA leaders in a discussion on risk-based capital and takes audience questions.
Comparing estimates on the cost of the risk-based capital rule is like comparing apples to eggplants.
Some asset classes in the NCUA's risk-based capital proposal, like consumer loans, have better risk weights than Basel III.
Three asset classes in the NCUA's risk-based capital proposal are better than the banks' Basel requirements.
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.
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.