Why isn’t the credit union industry using money from the Troubled Assets Relief Program (TARP) to take care of this problem?
As of this date, the Treasury Department has not demonstrated any intent to make TARP funds available to credit unions or NCUA for capital infusions. Credit union regulators have stated that the long-term viability of the entire credit union system is best served by a solution that comes from within the credit union community. Additionally, due to the strength of the overall credit union system, no tax dollars have been needed to support the credit union system.
Related Questions
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