IRR Tries to Rain on NCUA’s Parade

The second quarter growth observed for federally insured credit unions marks the highest year-over-year loan growth since 2006. NCUA Board Chairman Debbie Matz attributed the growth to a stronger economy and a stronger credit union system, saying the two go "hand in hand." Despite the observed growth in lending, interest-rate risk continues to be a concern and priority for NCUA. [9/3/14]