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Legacy Assets Proved Historic Shock to the System

It was a shock and it was unprecedented. The NCUA hammer brought down on the legacy assets held by the corporate system during 2010 caused it to reel as never before.

By Jim Rubenstein | Updated on December 21, 2010

It was a shock and it was unprecedented. The NCUA hammer brought down on the legacy assets held by the corporate system during 2010 caused it to reel as never before.

The ripple effect from the NCUA rulings on those assets are still causing economic pain for thousands of natural person credit unions from coast to coast while also forcing the massive restructure of the corporate network.

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