WASHINGTON — The Credit Union National Association is reporting on its Web site (www.cuna.org) that its Corporate CU Task Force will meet here Thursday to continue to develop and flesh out alternative funding plans for a corporate credit union stabilization plan.
CUNA's release stresses that there is no single answer to the challenge of funding the National Credit Union Administration's corporate liquidity program. However, the association warned the current plan to assess a 2009 share insurance premium on credit unions could put too much pressure on a system that is already coping with tough economic conditions.
At its Thursday session, the CUNA task force will continue to flesh out a series of alternatives that CUNA has urged lawmakers and regulators to consider. These alternate funding solutions, CUNA has said, would provide the needed support to the corporates while mitigating costs to credit unions.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
