Regulators are often the center of attention, but lately the NCUA has taken the spotlight. Unfortunately for the agency, it’s been low-hanging fruit.
LAS VEGAS — NCUA Board Member Gigi Hyland said Wednesday the agency needs more authority in dealing with CUSOs to help prevent credit union failures.
I took last week off to work around the house, and one of the many things I did was wander the aisles of the local Home Depot. I ended up in the landscaping area with the colorful, eye-catching plants.
Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.
Bankers argued to NCUA that now-conserved Texans CU was in violation of its member business lending cap.
Bankers may have a few holes in their anti-credit union business lending case if they’re looking at Texans Credit Union’s conservatorship.
Texas Credit Union League President/CEO Dick Ensweiler says Lone Star State credit unions remain healthy.
Agency says business as usual at conserved CU with focus on improving its financial condition for the long term.
The $6.1 billion Security Service FCU said it has not made a bid for the newly conserved $1.6 billion Texans Credit Union.
The NCUA said Friday night that it had placed Texans Credit Union of Richardson into conservatorship.