TITLE

Study Sees CUs On Short End of the Capital Stick

AUTHOR(S)
Passman, Aaron
PUB. DATE
July 2011
SOURCE
Credit Union Journal;7/4/2011, Vol. 15 Issue 25, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the report titled "Implications of Prompt Corrective Action for the Credit Union Industry," by Clifford Rossi. Rossi concluded that the existing capital requirements prevent the lending and economic growth thereby limiting credit unions' ability to serve as a countercyclical credit source. It says that the report examines the accuracy of the 2004 report by the U.S. Government Accountability Office (GAO) which states that unions do not have problems with capital.
ACCESSION #
62332994

 

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