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Alternative Capital Views

NCUA Working Group on Supplemental Capital

Submitted by mhand on November 3, 2009 |


NCUA Deputy Executive Director Larry Fazio speaks about alternative capital options for credit unions at the NCUA Town Hall meeting near Washington, DC.Read More

Alternative Capital is Not the Solution

Submitted by cfilson on October 12, 2009 |


For months, credit union leaders, NASCUS and CUNA have been trying to create a consensus that would support legislation to provide capital alternatives for credit unions.  Friday CUNA and NAFCU announced they were in agreement on a proposal to send to NCUA.  However important this option will be in the evolution of the credit union system, it is not the most important capital priority for NCUA or the credit union system.Read More

Are Credit Unions Shooting Themselves in the Foot?

Submitted by mhand on September 17, 2009 |

Recent Credit Union Rising analysis on overall credit union investment observed a trend that I feel is unbecoming of the industry:

“Over $13.3 billion [of credit union investments] was deposited in banks and S&L’s. This was a 40% increase in these institutions bringing the total investments to $46.8 billion.”

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The One Thing Needful

Submitted by cfilson on July 2, 2009 |


What should the credit union approach be to the economic downturn? I believe it is very simple: give us the tools and we will continue to lead America’s economic recovery. The tool involves only a three-word change in the Federal Credit Union Act’s definition of net worth.

By striking the current definition of “retained earnings balance” and replacing this with the word “capital” or “member capital” as determined under generally accepted accounting principles, the credit union model is complete.

Why focus on member capital?Read More