tag:blogger.com,1999:blog-319775530671726401.post2629135092696882935..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Taxi Medallion Lender LOMTO Reports Loss of $18.4 Million, Net Worth PlummetsKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-319775530671726401.post-76440426655827117902017-02-15T07:47:51.517-05:002017-02-15T07:47:51.517-05:00NCUA on behalf of themselves and credit unions, bo...NCUA on behalf of themselves and credit unions, borrowed over $25 BILLION from the taxpayer for multiple supervisory infractions at corporates including CONCENTRATION risk.<br />Now, barely done with paying off the taxpayer loan from treasury, NCUA now faces an insurance fund crisis of their own making due to OVER CONCENTRATION of medallion loans (70% of total assets, unbelievable).<br />How did NCUA miss this?<br />How did CUNA miss this (and now Hampel releases another idiotic white paper saying assessments aren't needed AND there should be a NCUSIF Dividend!).<br />How did NAFCU miss this?<br />So glad we don't pay dues anymore but instead of using the extra money for marketing we have to budget for assessments.<br />Who is ncua's boss?<br />And what's their excuse?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-29650553942402055222017-02-14T14:29:09.517-05:002017-02-14T14:29:09.517-05:00You expect the NCUA to act quickly. Don't hol...You expect the NCUA to act quickly. Don't hold your breath. Budget for the NCUA Assessment. CONCENTRATION RISK...NCUA missed it again. NCUA owns CONSTIPATION RISK. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-8414184102158071192017-02-14T06:56:08.988-05:002017-02-14T06:56:08.988-05:00Quick, we need a white paper from Hampel to tell u...Quick, we need a white paper from Hampel to tell us we will be getting a rebate on CCU assessments and a NCUSIF Dividend, not assessments.<br />Anonymousnoreply@blogger.com