The three big credit union trade associations worked for years to find a way to allow supplemental capital for non-low income credit unions.
CAMELs aren’t usually a source of controversy in a place known for basketball and tobacco. At issue is the NCUA’s fight with state regulators over the release of the CAMEL rating of State Employees Credit Union.
The NCUA says it's protecting the system. Critics say the agency is protecting itself. Check out this print preview from next week's print edition of Credit Union Times.
Letter asks NCUA to rely on state examiners if unable to go on examination at the same time.
The problem with the NCUA’s CUSO proposal is that the focus is on supervisory oversight of CUSOs rather than their relationships with credit unions.
The NCUA says it's not developing a contingency plan for helping credit unions that stay deal with any new costs from more departures.
Utah regulator Orla Beth Peck new chairman, Community First CU President/CEO Cathie Tierney heads advisory council.
For many years, NASCUS was one of few voices supporting supplemental capital. Today, we've been joined by many in the credit union system who are eager for other means of raising capital in addition to retained earnings.
Agency tells trade groups no move needed because such conversions are "relatively rare" and that converting CUs will pay this year's assessment to corporate rescue fund.
If more credit unions leave the NCUSIF, can the NCUA take steps to minimize the impact on those that remain?