Wednesday , 20 January 2021

Credit Union Group Opposes Revision to FHLBank Membership Requirements

By Tory Barringer

NAFCU’s complaint stems from a provision of the proposed rule that would require FHLB members and applicants to keep 1 percent of assets in home mortgage loans. Current members would also be required to hold at least 10 percent of assets in residential mortgage loans on an ongoing basis as opposed to just at the time of application, as the current rule requires.

The post Credit Union Group Opposes Revision to FHLBank Membership Requirements appeared first on DSNews.

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