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Alternative Capital Would Carry Some Burdens as Well, Consultant Says

ARLINGTON, Va. -- The credit union industry should be mindful as it seeks alternative sources of capital that such capital will carry burdens as well as benefits.

By David Morrison | Updated on February 10, 2009

ARLINGTON, Va. — The credit union industry should be mindful as it seeks alternative sources of capital that such capital will carry burdens as well as benefits.

Speaking to a Feb. 9 meeting of the Metropolitan Area Credit Union Management Association, Richard Garabedian, a partner in the Washington law firm of Luse Gorman Pomerenk & Schick, observed that the industry and trade press sometimes looked only at the good that an alternative capital could bring and not enough at its potential drawbacks.

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