Credit Unions Should Know True Cost of Derivatives: Video CUTs
Board Member Michael Fryzel said derviatives authority, approved at Thursday's monthly meeting, will cost $2.6 million the first year.
By Nicholas Ballasy |
Updated on January 24, 2014
X
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
NCUA Board Member Michael Fryzel told Credit Union Times that the total cost for the first year of the derivatives program that was finalized on Thursday is approximately $2.6 million.
Fryzel said the industry should know every credit union is paying for the program even if they do not participate.
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:
Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers,
resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
Exclusive discounts on ALM and CU Times events.
Access to other award-winning ALM websites including Law.com and GlobeSt.com.
The CFPB is ordering Navy Federal to refund more than $80 million to consumers, stop charging illegal overdraft fees, and pay a $15 million civil penalty.
Unlock insights into the spending habits and motivations of new cardholders! Explore why so many chose general-purpose credit cards and what this trend means for industry leaders.
Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!
Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.