On Friday the NCUA provided examiners guidance on the potential impact of the Corporate Stabilization Program on credit unions balance sheets. Supervisory Letter 09-01 instructs examination staff to differentiate between the impact of recent NCUA Board actions and operational activities by credit union management when evaluating credit union performance and risk profile.
NCUA Chairman Michael E. Fryzel stated, “This Supervisory Letter is part of overall NCUA efforts to recognize and mitigate the impact of the Corporate Stabilization Program on credit union earnings and net worth.”
The goal of the guidance is to allow members to see the factors that are affecting their credit unions bottom line.
More information on http://www.cuinsight.com/
Randall C. Smith - Managing Editor
CUiNSIGHT.com
Sunday, March 1, 2009
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