Credit Union Regulator Seeks Comments On How To Address Climate Risk

The agency that regulates credit unions is floating new projections that a quarter of such institutions are at risk of experiencing natural hazards like floods, heat waves and tornadoes, while it also seeking input on supervisory and regulatory options to address climate-related financial risks to credit unions and their portfolios. The National Credit Union Administration (NCUA) in an April 19 analysis finds that a quarter of all credit unions -- which have 34 percent of the sector’s assets, or $750...