tag:blogger.com,1999:blog-319775530671726401.post7229352901789119795..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Undercapitalized Creit Unions, September 2011Keith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-319775530671726401.post-2484351207416984672011-12-12T13:25:50.568-05:002011-12-12T13:25:50.568-05:00Dear Anonymous:
The Federal Credit Union Act also...Dear Anonymous:<br /><br />The Federal Credit Union Act also subjects complex credit unions to risk-based net worth requirements. While the leverage ratio is in excess of 7 percent, these credit unions were not in compliance with the minimum amount of risk-based net worth they need to hold.<br /><br />For exaample, the risk-based net worth requirement for Archer Cooperative FCU was 8.54 percent. This exceeded its net worth ratio of 8.31 percent. So, the credit union was deemed to be undercapitalized by NCUA.Keith Leggettnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-8544376621054976302011-12-12T13:15:15.912-05:002011-12-12T13:15:15.912-05:00A few at the end have over a 7% net worth (even ov...A few at the end have over a 7% net worth (even over 8%). You need to check your work.Anonymousnoreply@blogger.com