financial risk weighing Source: Shutterstock

Depositors save with federal credit unions instead of banks largely because federal credit unions are known for their fiscal austerity and risk-averse investment philosophy. It might surprise many federal credit union members, then, that the NCUA already permits credit unions to invest in derivatives, and is now proposing to allow federal credit unions to greatly expand their derivatives exposures. The proposal is a wrong-headed deregulatory move that has gone largely unnoticed in the financial press.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • 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.
NOT FOR REPRINT

© 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.