Regulatory overreach, an unnecessary limit on credit unions' choices and possibly illegal. Those are among the critiques of the NCUA's proposed rule on corporate credit unions.
Credit unions who feel their NCUA examiner has exceeded his or her authority in an exam will soon have a resource they can use to make their case.
Member business loans at credit unions in Ohio are in high demand just as mortgage loans have spiraled down.
Ohio's credit unions are in the midst of a member business lending surge.
The Ohio Credit Union League is celebrating what it said was a record, fifth straight quarterly increase in credit union members. Roughly 10,000 Ohioans joined credit unions in the first three months of 2010, the league said.
The NCUA should spell out its procedures for finding potential assisted merger partners in a proposed rule and also be more forthcoming about the agency's role in ensuring a merger's success.
Although it was not ready to name the 12 members of its "Next Steps" corporate working group at press time, CUNA officials did say it will include several members of its corporate credit union task force, as well as some new selections.
Many members of the panel charged by CUNA to make recommendations on how the corporate credit union system should be restructured will have more work to do.