Linda Jekel, director of credit unions for the state of Washington's Department of Financial Institutions, does not foresee any supervisory issues arising from Bank Transfer Day.
"Washington credit unions are well capitalized," she said, "and are able to manage" any deposit surge impacting net worth ratios that might surface from large amounts of funds funneled from banks into credit unions as a result of this Saturday's anti-bank event.
Washington credit unions, she said, appear well prepared "to lend them out or put them into investments" to secure profits.
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