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WASHINGTON-ABA Senior Economist Keith Leggett recently expressed concerns of inequity regarding credit unions’ level of retained earnings and stated that these funds are not a benefit to members. Retained earnings is the only avenue for credit unions to build capital, according to NCUA Chairman Dennis Dollar, which is the only way they can create a buffer for losses. From a safety and soundness perspective, this is a good thing. However, Leggett said this provides credit unions a greater ability to leverage for expansion of the market share. The following is a chart from Callahan & Associates of the top 50 credit unions over $50 million in assets according to retained earnings ratios for review.

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