ALEXANDRIA, Va. — The NCUA giveth and the NCUA taketh away.
At its Dec. 15 meeting the agency's board proposed placing more restrictions on loan participations while granting credit unions greater flexibility in other areas.
Federally insured credit unions could only purchase loan participations from a single originator totaling no more than 25% of the credit union's net worth, according to a proposed rule the board sent out for a 60-day comment period.
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.
