Linda Jekel, director of credit unions for the state of Washington's Department of Financial Institutions, does not foresee any supervisory issues arising from Bank Transfer Day.
"Washington credit unions are well capitalized," she said, "and are able to manage" any deposit surge impacting net worth ratios that might surface from large amounts of funds funneled from banks into credit unions as a result of this Saturday's anti-bank event.
Washington credit unions, she said, appear well prepared "to lend them out or put them into investments" to secure profits.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
