Corporate Credit Union Issues

Impact

In 2010, in response to the financial crisis, NCUA revised the corporate credit union regulation to “establish a regulatory framework that provides a foundation for a healthy corporate system.” The 2010 rule curtailed several of the practices that led to corporate failures.

In the aftermath of the 2008 financial crisis, NCUA overhauled the corporate credit union regulatory framework to stabilize and rehabilitate the credit union system. Among the changes imposed were prompt corrective action (PCA) requirements, limits on investments and credit risks, and asset and liability management controls. The regulations also addressed corporate recapitalization and disposition of legacy assets.

Where We Stand

The NCUA Board has indicated that corporate credit union shares in the TCCUSIF will likely be addressed in the near term. As the economic climate has recovered, NCUA is taking steps to recalibrate certain supervisory positions.

 

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