Any changes to the corporate credit union system should include allowing solvent corporates to survive, stronger regulation of corporates' investments, and making membership capital voluntary, NAFCU wrote today in its comment letter to NCUA.
Letting market forces, rather than the NCUA, determine any consolidation of corporates is preferable and the agency should not separate the investment and payment functions of the corporates, NAFU President Fred Becker wrote.
He also argued that the corporates' investment powers should be maintained but NCUA needs to institute measures that would limit the concentration of risk.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 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.
