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.
The NCUA will host a webinar next Wednesday, Feb. 20, at 2 p.m. EST on “Net Worth Restoration Plans: A Path to Recovery.”
Agency also elevates position to direct report to NCUA Board.
Agency's small credit union office has $9.5 million in Revolving Loan Fund.
I’m going to share with you excerpts from a report that was sent to the Consumer Financial Protection Bureau explaining why it should practice an asset size-based exemption for its regulations. The executive summary opens:
The NCUA’s Office of Small Credit Union Initiatives will accept applications for a $50,000 grant from Feb. 15 to March 15.
The NCUA will hold a free webinar at 2 p.m. on Wednesday, Jan. 23, on ways that low-income designated credit unions can better serve.
NCUA's concerns about regulatory overkill at CFPB are eye opening.
The NCUA has launched a new microsite for small credit unions, provided by the Office of Small Credit Union Initiatives.