Are your credit union's pockets deep enough to satisfy the NCUA?
That question has now bubbled to the surface as the federal regulator circulates an advanced notice of proposed rulemaking that seeks to detail liquidity requirements for federally insured institutions. The draft ANPR said the purpose was "to require federally insured credit unions to have access to backup federal liquidity sources for use in times of financial emergency and distressed economic circumstances."
Many inside the credit union industry said they loudly oppose the NCUA's attempt to draw a road map for liquidity.
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