CUNA’s Small Credit Union Committee wrote to NCUA about merger trends, the current expected credit loss (CECL) standard and other issues this week. The letters follow a meeting between the committee and Larry Fazio, director of NCUA’s Office of Examination and Insurance that took place at this year’s CUNA Governmental Affairs Conference.
A major topic of discussion during the meeting, and in the letter, is the fact that 90% of credit union mergers are credit unions under $100 million in assets.
“Our top-line concern around this trend stems from what the impact of the loss of those credit unions will mean in their respective communities and membership groups,” wrote Teri Robinson, chair of CUNA’s Small Credit Union Committee and president/CEO of Ironworkers USA FCU, Portland, Ore.
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