Credit Unions Receive Mixed Reviews in GAO TARP Report
A government watchdog has given a mixed grade to credit unions that received funding from the Troubled Asset Relief Program (TARP) stating that those credit unions that accepted TARP funds were financially weaker and performed more weakly that credit unions that qualified for the assistance, but elected not to participate. On the positive side, the overall cost of the TARP program has declined from $290 million (Treasury’s first forecast in November 2010) to $80 million. [6/16/14]
