Credit Unions:

Proposed Reforms for Corporate Credit Union Regulation

T-GGD-95-115: Published: Mar 8, 1995. Publicly Released: Mar 8, 1995.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO discussed proposed regulations for corporate credit unions. GAO noted that these revised regulations: (1) must go through a number of steps before they become final; (2) will have the desired impact only if the National Credit Union Administration vigorously enforces them; (3) narrow the financial risks that corporate credit unions can undertake; (4) require corporate credit unions to build a stronger capital base; (5) include more stringent requirements for stress testing and accounting for risky investments; (6) require that corporate credit unions sell investments when unrealized investment losses exceed one-half of primary capital; (7) require large corporate credit unions to establish an internal audit function and emphasize that board members oversee corporate management; and (8) may result in refocusing the mission of corporate credit unions.

Sep 29, 2017

Sep 12, 2017

Sep 7, 2017

Apr 19, 2017

Mar 29, 2017

Feb 24, 2017

Dec 29, 2016

Dec 15, 2016

Nov 15, 2016

Looking for more? Browse all our products here