Credit Union Financial Data
While this is not purely a compliance issue, I wanted to bring this to your attention as compliance officers are often tasked with knowing what comes out of NCUA.
With so many consumers seeking information about the safety of America's financial institutions, I thought I would point out a recent NCUA Letter to Credit Unions. It is NCUA Letter to Credit Unions 08-CU-16, and its attachment.
The letter highlights the performance of credit unions during the first quarter of 2008. The letter provides cold hard facts about how credit unions are doing. This information might be useful for credit unions that are gather information for their membership about the financial state of their shop.
If you want more information, this NCUA webpage provides a portal through which you can download detailed financial reports about credit unions.Â
Good stuff.