Brexit Highlights Need to Be Ready for Anything

July 2016
Brexit Highlights Need to Be Ready for Anything

Read the Latest Issue of “The NCUA Report” Online

ALEXANDRIA, Va. (July 20, 2016) – The United Kingdom’s decision to leave the European Union and the stock market’s reaction to the vote shows that credit unions need to ready for a number of potential economic and interest rate scenarios.

In the latest issue of the National Credit Union Administration’s monthly newsletter, an analysis by the Office of the Chief Economist finds that Brexit could potentially affect the energy and manufacturing sectors leading to slower economic growth in the United States, as well as push long-term rates down, further compressing credit union net interest margins.

The July 2016 issue of The NCUA Report—now available in HTML—can be found online here

The agency’s newsletter features columns from NCUA Board Chairman Rick Metsger and Board Member J. Mark McWatters, as well as articles from several NCUA offices on the agency’s initiatives and information on supervisory, regulatory and compliance issues that are important to all federally insured credit unions.

Articles in this month’s issue include:

  • Chairman’s Corner: Money Changes Everything
  • Board Member McWatters’ Perspective: A Public Hearing Is The First Step Toward a Better NCUA Budget
  • Board Actions: NCUA Outlines Plans for Adding “S” to Credit Union CAMEL Ratings
  • With Margins Shrinking, Effective Liquidity Management Is Critical
  • Corporate System Resolution Program Reaches an Important Milestone

Published monthly, The NCUA Report is NCUA’s flagship publication. The newsletter highlights important Board actions and key issues that credit union managers, staff and volunteers need to know. If interested, you can subscribe to the online version of the newsletter here. Previous issues of The NCUA Report are available online here

Board Member J. Mark McWatters Richard T. Metsger
Last modified on
11/30/18