Three quarters of the respondents to NAFCU’s Flash survey said they wanted limits on who could invest in their secondary capital and 46.5% of them wanted secondary capital restricted to members of that credit union.
The survey also found that 86.2% of those asked wouldn’t favor creating secondary capital if it meant the elimination of credit unions’ tax-exempt status.
Most also said that in light of the current recession, it was “unlikely” that outside investors would be interested in injecting capital in credit unions. (CU Times)