National Credit Union Administration assumed control of three undercapitalized corporate credit unions. Analyst: “Only the strongest will survive. They will benefit from the consolidation” The plan coincides with the NCUA’s adoption of new regulatory reforms aimed to strengthen the corporate system. The new corporate regulation (NCUA Rules and Regulations, Part 704):Implements stronger capital requirements and establishes prompt corrective action measures for corporate credit union. The NCUA plans to address the impaired assets and resolve the corporate credit.”]
Source: https://www.cuinfosecurity.com/new-plan-for-corporate-credit-unions-a-2954