NASHVILLE, Tenn. — NCUA resources are being disproportionately applied to small credit unions and skimping on large credit union supervision, NCUA Chairman Debbie Matz told NAFCU’s annual conference attendees during her general session address July 24
NASHVILLE, Tenn. — The NCUA will reconsider the $10 million threshold that currently defines small credit unions, its board chair said Thursday.
Agency outlines new program for credit union of $10 million or less.
NCUA Board member Michael Fryzel defended NCUA examiners in a June 11 letter to the editor after an online editorial accused the regulator of “trying to destroy small credit unions.”
NCUA Board chair says low-income credit unions are growing stronger, lending more than other types of financial institutions.
Board member says agency not "trying to kill small credit unions." Utah league exec recounts typical exchange: "You'll make it. But others won't."
The NCUA announced that low-income designated credit union could begin applying last week for grants and low-rate loans. The NCUA also posted a new YouTube video about the Community Development Revolving Loan Fund application process.
Community Development Revolving Loan Fund has $1.3 million available for grants and $11 million for lending ib 2012.
NCUA Board Chairman Debbie Matz recently announced the appointment of Martha J. Ninichuk as deputy director of the Office of Small Credit Union Initiatives.
Ninichuk joins agency from Michigan Credit Union League.