Federally insured, state-chartered credit unions haveconsistently reported higher rates of delinquencies and charge-offson loan participations.
The NCUA pointed that out in December after releasing a proposalthat would extend what it calls are protections on loanparticipations to all federally insured credit unions.
The distinction is notable given the recent takeover of the $318million Telesis Community Credit Union, which experienced financialtroubles based in large part to its business lending and loanparticipation activities.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 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.
