Reps. King and Royce, NCUA's Fryzel now slated to address September confab.
WASHINGTON — Credit union leaders meet with lawmakers to push for expanding access to supplemental capital.
The Coalition for Credit Union Access said they are Reps. Spencer Bachus (R-Ala.), Charles Rangel (D-N.Y.) and Kerry Bentivolio (R-Mich.).
Measure would allow credit unions to utilize uninsured, non-share accounts to supplement capital.
Agency working on credit union version of Basel III.
Eight credit unions from five states join coalition to back pending legislation that would authorize supplemental capital injections.
Political commentator from Fox, CNN to highlight annual confab in Washington in September.
Over the last couple of years, a small coalition of credit unions has built up the background and the foot soldiers to help maneuver supplemental capital legislation through Congress.
A small coalition of credit unions has built up the background and the foot soldiers to help maneuver supplemental capital legislation through Congress.
Credit unions could accept supplemental capital that wouldn’t be insured by NCUSIF and would be subordinated to other claims, according to provisions of a bill introduced by Rep. Peter King (R-N.Y.) and Rep. Brad Sherman (D-Calif.).