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Will the NCUA Let Loose a Corporate Black Friday?

Some credit union executives, anxious for the NCUA to reveal its corporate balance sheet solution, say they fear a pending corporate "Black Friday," during which the regulator places three or more corporates into conservatorship or forces mergers.

By Heather Anderson | Updated on August 17, 2010

Some credit union executives, anxious for the NCUA to reveal its corporate balance sheet solution, say they fear a pending corporate “Black Friday,” during which the regulator places three or more corporates into conservatorship or forces mergers as part of its legacy assets plan.

Olympia, Wash.-based industry consultant Marvin Umholtz said he suspects the NCUA can’t overcome the accounting and legal roadblocks that stand in the way of a successful legacy assets plan execution.

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