How Will This Special Premium Affect The United States Senate FCU?
The special premium of $2.7 million is a lot of money, no doubt, but with capital in excess of 10% your Credit Union is able to handle this current amount. NCUA defines a credit union as “well capitalized” if it’s capital, or the ratio of the credit union’s net worth divided by its total assets, is 7% or greater. This ratio is a measure of the credit union’s financial stability. Yes, the United States Senate FCU is Well Capitalized but What About the Other Economic Pressures Financial Institutions are Facing? This is a tough economy and many financial institutions are feeling the pressure as consumer loan delinquencies and losses increase. Your Credit Union has not been immune to this economy however as an employment based credit union providing conservative, responsible financial services mostly to federal employees and their families the United States Senate FCU has not been impacted as greatly as other financial institutions. What About Those Members Who are Facing Financial Difficu
