X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Andy KeeneyIn June, the NCUA issued a proposed regulation that would authorize federal credit unions to securitize loans that they have originated and that meet certain requirements set forth in the rule. The proposed amendment would also apply its securitization requirements to federally insured, state-chartered credit unions that are permitted to securitize their assets by state law. The NCUA is currently seeking comments on the amendment, and a final rule is expected later this year.

We believe this is a terrific opportunity for credit unions going forward. Banks have been using securitizations for quite some time, and we expect credit unions to follow suit.

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?

Dig Deeper

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.