RBC2: Member-Owners Get Burned Both Ways
Reserves are different from capital, and with RBC2, credit union members pay the price.
Reserves are different from capital, and with RBC2, credit union members pay the price.
In yesterday’s FOMC minutes, the Fed laid out three conditions that must be met in order for it to consider the first tightening.
The Massachusetts credit union turns its debit card 90 degrees to improve functionality and impress the user.
Credit unions might not be subject to CRA guidelines, but they still need to be aware of the value of CRA-eligible loans.
The argument that existing capital regulations are ineffective just doesn’t hold water.
Systemic rules like RBC are always simplistic and inflexible, a kind of bureaucratic bludgeon.
The NCUA is proposing an invasive, possibly illegal solution to a problem that does not exist.
The Federal Credit Union Act requires the NCUA to submit an annual report to the President and Congress by April 1. Another year has come and gone with no report.
The bond bulls and economic bear crowd is over-hyping the potential for tomorrow’s jobs number to be a game changer.
Credit unions should focus their efforts on persuading NCUA board member Rick Metsger to change his mind on RBC.

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RBC2: Member-Owners Get Burned Both Ways