Reading NCUA Letter 09-CU-06 was difficult. However, since our founding in 1991, we have encouraged our clients to always consider Event Risk Conditions. Most would agree that we are in such conditions! Since the publication of NCUA Letter 09-CU-02 in January, we have encouraged our clients to consider the likelihood of additional assessments. Following 09-CU-06, […]
We have been asking numerous credit unions the following: Assume corporates are stabilized but need to be completely recapitalized. If the system were restructured and you felt it safe, how much would you be willing to spend as a percent of assets to recapitalize? The most common answers are ” zero” and “we have not […]
Since launching c. myblog on Tuesday, we’ve received numerous emails and phone calls from credit unions expressing a wide range of ideas about the future role of corporate credit unions. We thought we would summarize a few of them and ask those of you viewing c. myblog to vote on them – anonymously. Of course, […]
/images/White-Logo.png00EBusch/images/White-Logo.pngEBusch2009-03-03 07:30:402016-02-29 08:34:03Imagine a scenario where the corporate credit union system ceased to exist. What would be the impact to natural person credit unions of different asset sizes that use corporate credit unions for services such as:
/images/White-Logo.png00EBusch/images/White-Logo.pngEBusch2009-03-03 07:25:292016-02-29 08:34:16Fast forward to 2013. The recession that came to a head in 2008 has passed and the corporate credit union system was stabilized and has been viable for the last few years. The industry is now experiencing a similar crisis and needs to be stabilized once again. Who should be responsible for the cost of the stabilization?