I wanted to compliment Credit Union Times for an excellent article on TDR reporting [Nov. 2, page 1].
It portrayed the great difficulty that credit unions have complying with Call Report instructions that actually inhibit and discourage the modification of loans for members. A credit union's sole purpose is to meet the financial service needs and better the lives of its members. Regulations that get in the way of that being done need to be examined and changed.
NCUA Chairman Debbie Matz should be commended for being willing to tackle the issue. We appreciate her looking at what the actual impact is of regulations and rules the agency puts forth in Washington and then making the necessary changes to make sure credit unions prosper.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 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.
