Report: NCUA Sets Eyes On Corporate Legacy Assets

Posted by Orb Staff on September 23, 2010 No Comments
Categories : Residential Mortgage

The National Credit Union Administration (NCUA) is set to take up the issue of corporate legacy assets during a board meeting Friday, according to remarks made by the NCUA chairman this week. The National Association of Federal Credit Unions (NAFCU) reports that NCUA Chairman Debbie Matz shared the NCUA's agenda in a speech given to the NAFCU Congressional Caucus.

‘A comprehensive plan must isolate the riskiest legacy assets from the corporate system, allowing the whole credit union system to move forward unburdened by the impaired assets,’ Matz said, according to the NAFCU report, which can be accessed here.

SOURCE: NAFCU

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