Search
 
Commentary

For NCUA, Transparency Should Be the Hallmark

This opinion piece calls for the NCUA to account for how it spends all the dollars in all its funds.

By Dan Berger | Updated on April 07, 2014
This week, the NCUA and other financial regulators will testify before the House Financial Services Committee and discuss the impact of red tape on the country’s consumers.

While having the NCUA discuss credit union issues before Congress is certainly welcome, NAFCU is just as concerned with what may not be discussed.

Transparency should not only be reserved for the positive. And there have been a lot of positives lately. The most recent announcement from NCUA that credit unions may not have to pay any future corporate assessments was certainly good news. The more than $1.75 billion in total recoveries from securities lawsuits is unbelievably positive. The share insurance fund continues to improve as the number of CAMEL 4 and 5 credit unions decreases.

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.

Already have an account?

NOT FOR REPRINT

© 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.

Dan Berger

Recommended Stories

Why Your CU Needs a Chief Data Officer

Why Your CU Needs a Chief Data Officer

Henry C. Meier, Esq. |

There are too many data-related questions to answer and legal issues hanging around to not have a data chief at the helm.

Credit Union Times

Join Credit Union Times

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.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.