Like banks, big credit unions might need to test how they’d fare in extreme scenarios.
A recent NCUA report shows that credit unions have gained members and added assets in the past year.
Banks have made some progress in strengthening their balance sheets since last year, according to Bankrate’s latest Safe & Sound ratings.
It turns out that big banks aren’t losing quite as many account holders as expected. In its quarterly update, the National Credit Union Administration announced the nation’s nonprofit financial institutions added around 450,000 new members throughout the third quarter of 2011. Those numbers are impressive, but they are vastly different than numbers originally reported by