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.).
Credit unions have worked very hard over the past few years and have seemingly come through the worst economic times since the Great Depression. We as an industry are still able to say that we did not need the government to bail us out, and that credit unions are still...
ABA economist says supplemental capital bid "another attempt by credit unions to be more like banks."
The three big credit union trade associations worked for years to find a way to allow supplemental capital for non-low income credit unions.
Credit unions could accept supplemental capital that wouldn’t be insured by the NCUSIF and would be subordinated to other claims.
More than 100 guests and employees of Teachers Federal Credit Union recently participated in a grand opening celebration of the credit union’s new state-of-the-art headquarters in Hauppauge, N.Y.