Written by Steve Van Beek
NCUA issued a Letter to Credit Unions yesterday on how the debt downgrade could impact NCUA, credit unions and members. The Letter can be found here.
The LCU discusses the follow issues:
- Credit Union Investments;
- NCUA Guaranteed Notes;
- Corporate Credit Union Liquidity Guarantee Program;
- Money Market Funds;
- Consumer Confidence; and
- Communications with Members.
I had a wonderful compliance officer quiz me on the number of days until the wedding. Failed again. Luckily, I have a trip to Ohio (Wooster) this weekend. I have a feeling by the end of the trip I will have a much better internal countdown clock. Currently: 72 days and counting.