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The Pros And Cons Of New Capital

SAN ANTONIO — Allowing credit unions to access supplemental capital would help them grow better but could cost them their tax-exempt status, CUNA Mutual Senior Vice President of Strategy and Business Development John Lass told a breakout session of America’s Credit Union Conference.

Business comedian Greg Schwem, the emcee of the America’s Credit Union Conference, used his monologue on Monday to tease credit unions about their excessive use of acronyms.

SAN ANTONIO — Allowing credit unions to access supplemental capital would help them grow better but could cost them their tax-exempt status, CUNA Mutual Senior Vice President of Strategy and Business Development John Lass told a breakout session of America’s Credit Union Conference.

“Supplemental capital can enable individual credit unions to grow even if capital has been drawn down,” Lass said. “There are many examples of financial cooperative systems around the world that have effectively used alternative capital to build sustainable financial models.”

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