CUNA, NAFCU express concerns about NCUA plans for largest of credit unions.
“Once you break that type of trust, there’s no turning back.”
Three largest credit unions eclipse size of share insurance fund, NCUA chairman stressed.
The job duties of an NCUA examiner have some similarities to those of Credit Union Times reporters.
ALEXANDRIA, Va.— NCUA Board approves proposed rule that would require the same of credit unions.
Board Member Richard Metsger sat down with Credit Union Times Oct. 15 at the NCUA’s Alexandria, Va.-based headquarters. President Obama nominated Metsger, a former Oregon state senator, to the NCUA board in May. He was confirmed by the U.S. Senate and was sworn in Aug. 23. Metsger served on the...
ALEXANDRIA, Va. — NCUA Board Member Rick Metsger: " I don’t see it being wise to say we’re going to hire a bunch of people to go look at everyone’s books."
The first loan participation Pen Air Federal Credit Union was involved in teamed the cooperative up with a regional bank.
Each of the four there now have assets exceeding that of the Share Insurance Fund, NCUA Chair Matz notes.
In taking steps to provide federal credit unions with derivatives authority as an additional tool to manage interest rate risk on the balance sheet, the NCUA demonstrated flexible thinking in evaluating its rules. That is to be commended.