April 9, 2015
National Credit Union Administration Requests Increase in Equity Ratio
The NCUA has announced its plan to ask Congress to rewrite the Federal Credit Union Act so it can establish a risk-based NCUSIF premium system, similar to the FDIC. In addition, they seek to eliminate the 1.3% equity ratio cap, in an effort to build the NCUSIF to a level that would better withstand losses in the event of financial crisis or recession.
For additional information, please contact Brenda DeCosta of Marcum’s Financial Institution Services Group or Read the full article on www.cutimes.com.
