LAS VEGAS — Tackling the current CUSO environment from a number of fronts, the NCUA said Wednesday it wants to do all it can to keep an S&L-like crisis from occurring within the credit union industry.
One measure will be working more closely with state regulators to see get an "overall picture of systemic risk" with CUSOs, NCUA Board Member Gigi Hyland said at the National Association of Credit Union Service Organizations' annual meeting in Las Vegas.
She said state regulators tend to oversee only the areas they have authority over. The NCUA would like to talk to these agencies to get a better handle on what CUSOs are doing, she added.
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