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Mary Martha Fortney is president/CEO of NASCUS. Contact 703-528-8351 or [email protected]

For many years, NASCUS was one of few voices supporting supplemental capital. Today, we’ve been joined by many in the credit union system who are eager for other means of raising capital in addition to retained earnings.

Credit union access to other forms of capital is an essential part of credit unions’ long term viability. NASCUS also sees capital reform as a safety and soundness issue. However, there are some in the system who are still unconvinced that supplemental capital is a good idea or argue that it contradicts the credit union mission from a philosophical perspective. These and other concerns are overstated and can be addressed.

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