Quantcast
Miscellaneous

Federal Credit Unions Cleared to Hold Stock in Visa IPO

NOV 1, 2007 9:12pm ET

ALEXANDRIA, Va. – NCUA yesterday said hundreds of federally chartered credit unions will be allowed to own and hold stock they are about to receive in the initial public offering of Visa Inc., even though the Federal CU Act bars equity as a permissible investment for FCUs.

To continue, please sign in or subscribe
Free 14-Day
Trial
  • Online access to premium credit union content
  • Daily and weekly e-newsletters with top headlines
  • Learn why thousands of credit union professionals rely on Credit Union Journal
No credit card needed
Digital
Subscription
  • Access to our Credit Union Journal mobile app
  • Special reports providing the latest industry information
  • High-level perspective and insights on credit union strategies and tactics
Have an account?
SIGN IN HERE
Remember me