Study Sees CUs On Short End of the Capital Stick

Passman, Aaron
July 2011
Credit Union Journal;7/4/2011, Vol. 15 Issue 25, p4
Trade Publication
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.


Related Articles

  • Capital Requirements Vary Depending on Type of Asset.  // GAO Reports;12/15/2016, preceding p1 

    The article discusses the analysis conducted by the U.S. Government Accountability Office (GAO) regarding capital requirements. It mentions that several banking organizations lacked capital of sufficient quality and quantity to absorb substantial losses on mortgages and mortgage-related assets....

  • GAO Reports on Initial Effects of Basel III Reforms.  // Pratt's Letter;12/1/2014, p3 

    The article offers information on the U.S. Government Accountability Office (GAO)-15-67 report on the impact of the capital requirements under U.S. Basel III on banks and services.

  • ENTREPRENEURIAL ASSISTANCE, Efficiency and Effectiveness of Fragmented Programs Are Unclear.  // GAO Reports;3/29/2012, p1 

    The article presents a report of the U.S. Government Accountability Office (GAO) to the U.S. Senate Committee on Small Business and Entrepreneurship regarding business development programmers. It discusses the performance and effectiveness of entrepreneurial programmers. The report also suggests...

  • Follow-up on the Haiti Earned Import Allowance Program.  // GAO Reports;12/14/2012, p1 

    The article presents a report related to Haiti Import Allowance program issued by the U.S. Government Accountability Office (GAO). It mentions that the program is for the economic development of Haiti. It also discusses several acts for the development of Haiti including the Haiti Economic Lift...

  • Comprehensive Reanalysis Corrected Errors, but Several Issues Still Need to Be Addressed. Mittal, Anu K. // GAO Reports;4/2/2010, preceding p1 

    The article presents a comprehensive reanalysis on the evaluation of the Delaware River deepening project, conducted by the Government Accountability Office (GAO), located at the boundaries of New York, Delaware and New Jersey. It highlights the economic status of the project, citing the...

  • Stimulus money still slow getting to Arizona.  // Inside Tucson Business;9/28/2009, Vol. 19 Issue 17, p3 

    The article reports on the slow funding of local government projects in Arizona. According to the report of the Government Accountability Office in the U.S., only three local transportation projects funding are received by the state. It notes that Arizona qualifies for 522 million U.S. dollars...

  • APPENDIXES.  // GAO Reports;3/31/2011, p42 

    An appendix is presented of the ways of functioning of the U.S. Government Accountability Office (GAO) in providing federal fiscal assistance.

  • GAO upholds protests on Oshkosh truck contract. Tiron, Roxana // Hill;12/15/2009, Vol. 16 Issue 147, p12 

    The article reports that the U.S. Government Accountability Office (GAO) upheld protests on the lawsuit filed by BAE Systems and Navistar Inc. against Oshkosh Corp.

  • Latest High-Risk List Adds Two Entries. Tuutti, Camille // Government Financial Management TOPICS;2/19/2013, p14 

    The article informs that the newly released High-Risk Series from the U.S. Government Accountability Office (GAO) holds seventeen items which have ion the list for a decade.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics