MSNBC: Credit unions paying for risky behavior of a few

We found an article that sheds light on the structure of the credit union industry and the need to mitigate risk.

"Credit unions paying for risky behavior of a few" from MSNBC starts, "Two years after the height of the financial crisis, the American economic landscape still bears resemblance to a war zone: You never know when you're going to step on another land mine. Case in point: The nation's credit unions, many of them tiny outposts in the realm of banking giants...If you are looking for financial villains, you won't find many in that world...But every credit union in the country finds itself paying to clean up a multibillion-dollar created by a handful of failed 'corporate' credit unions..."

Click here to read the entire article.

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