If the Federal Reserve can release the parameters of stress testing on the 19 largest U.S. banks, why can't credit unions review the NCUA's corporate loss methodology?
That's what NAFCU President and CEO Fred Becker wants to know. Friday, Becker sent a letter to NCUA Chairman Michael Fryzel, asking that very question, and copied David Marquis, NCUA executive director.
"At a minimum it would be helpful to know, as the Treasury has made public with the stress tests, what economic assumptions, including unemployment and home price estimates, were used in looking at the corporate holdings to estimate the credit losses," Becker wrote.
He asked NCUA to release the results of corporate stress tests, including those by third party vendor PIMCO, so natural person credit unions can understand the full scope of pressures on the share insurance fund.
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