Corporate credit unions

Risk Mitigation Is Key

Published September 11, 2009, 11:44 a.m. EDT

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Updated August 27, 2020, 12:28 a.m. EDT

1 Min Read

LAS VEGAS — Brad Beal, president and CEO, Nevada FCU, and chairman of NAFCU's board, noted, "The changes are intended to mitigate the risk involved. Some of the corporates got pretty heavily involved in private label, mortgage-backed securities. The investment changes are designed to mitigate risk, which I feel is a really good thing.

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"I think the changes address the concerns many credit unions have. Of course acceptance will vary from credit union to credit union, but I am confident the majority will find it agreeable. The Task Force represented a cross section of the industry."

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Corporate credit unions

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