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

4/15/2009

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)

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