Credit unions weather tough market
Those institutions are corporate credit unions -- described by McKechnie as credit unions to credit unions. "There are 28 corporate credit unions. They help credit unions invest and stay liquid. They're monitored daily in terms of their balance sheet, their outflows and liquidity. Liquidity is the primary factor that determines how safe and healthy an institution is. The liquidity positions in those corporates are strong, but they definitely feel the draft that's coming in from some of the bigger problems in the credit industry."
McKechnie says NCUA is continually monitoring for trouble spots and making every effort to ensure that examiners anticipate difficulty before it materializes.