San Jose CU says change would enable expansion of more profitable commercial lending business.
If more credit unions leave the NCUSIF, can the NCUA take steps to minimize the impact on those that remain?
Inspector General report says loan losses, investment concentrations doomed liquidated CU.
Hearing shows credit unions and banks still far apart on member business lending.
Eighteenth century political theorist and philosopher Edmund Burke is credited with being the first to use the idea of "don't bite the hand that feeds you" in print.
The American Bankers' Association has suggested some credit unions should be forced to become banks.
As credit union management and boards learn more about the amount of toxic assets in corporate and natural person credit unions, their conclusion about assessments changes from "something we have to live with" to "we can't live with that."
For the time being, credit union concerns in Virginia and elsewhere over companion bills in the state Senate and House enabling banks to buy and merge credit unions have eased following committee action leading to likely passage.
The credit union culture is not only too big to fail-it's too important to fail.
On a 15-0 vote of the Virginia Senate Commerce and Labor Committee, the now recast bankers' bill enabling state chartered credit unions to convert to mutual status cleared another hurdle this week as it appears headed for passage.