The National Credit Union Administration has recognized the “CDCU difference,” most recently with its official Supervisory Letter – Supervising Low Income Credit Unions and Community Development Credit Unions (Jan. 2010) – which discusses “the characteristics, benefits, and unique challenges of these types of credit unions and includes an appendix describing resources available to them.”
The Federation and a number of its member consulted with NCUA in the formulation of that document, which we believe is an important step toward balancing the need for strong regulation with a commitment to preserving the credit union mission of serving “people of modest means." To further this process of balancing regulation with mission, the Federation periodically prepares peer group statistics for CDCUs. Our goal is to move beyond the past regulatory practice of simply comparing credit unions with others of their asset size – a comparison which does not take into account the high-needs, high-cost market that CDCUs serve. We hope that these statistics will enable CDCUs to “benchmark” themselves against those credit unions that are truly their peers, and to better explain their operations to their examiners, supporters, and other credit unions.
Most Recent Peer Group Statistics
Past Peer Group Statistics