Letter to Credit Unions on Debt Downgrade; Still Learning
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. Â 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.
The full Letter to Credit Unions is here. Â The previous guidance from last Friday is here. Â Additional details can also be found in the NAFCU Today.
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I had a wonderful compliance officer quiz me on the number of days until the wedding. Â Failed again. Â Luckily, I have a trip to Ohio (Wooster) this weekend. Â I have a feeling by the end of the trip I will have a much better internal countdown clock. Â Currently: Â 72 days and counting. Â Â