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Diane Publishing Books
Credit Unions: Greater Transparency Needed on Who Credit Unions Serve and on Senior Executive Compensation Arrangements
Yvonne D. Jones (au)
Legislative & regulatory changes have blurred distinctions between credit unions & other depository institutions & raised questions about the tax-exempt status of credit unions. This report: assesses the effect of the Credit Union Membership Access Act on credit union membership & charters; reviews the Nat. Credit Union Adminís. (NCUA) efforts to expand services to low- & moderate-income individuals; compares rates offered by credit unions with comparably sized banks; discusses unrelated bus. income tax issues; & assesses transparency of credit union senior exec. comp. The author reviewed NCUA data on credit union membership, charter changes, efforts to target those of modest means, & executive disclosure require. Charts & tables.
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