NCUA And Derivatives: Will They Or Won’t They?


By Emily Hollis The NCUA derivative pilot program Pursuant to section 703.19 (c) of the NCUA regulations, three entities received authorization between the years 2001 and 2003 to conduct and advise on derivative activity. The three were Western Corporate FCU, Southwest Corporate FCU, and ALM First Financial Advisors.  Derivatives transactions enable credit unions to purchase…

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