NAFCU Survey Shows Strong Support for Limits on Investors in Secondary Capital


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)