...Publishes White Paper On Models For Alt. Capital
The NASCUS Alternative Capital Task Force has distributed a white paper that presents both equity and debt models for alternative capital.
The alternative capital instruments discussed in the paper are designed specifically to preserve the not-for-profit, mutual, member-owned and cooperative structure of credit unions, NASCUS said. "The models are designed to retain the federal income tax exemption that credit unions have historically enjoyed."
The Alternative Capital Task force collaborated on the white paper with US Central representatives as well as regulators and credit union executives with experience in creating and using alternative capital.
For details on both NASCUS developments, visit www.nascus.org.