unions hope NCUA's recent guidance to examiners about low-income services and CDCU operations and issues will help them get some of the respect from the agency that many have long felt they are due.
Many federation members have felt that NCUA examiners have not really understood how they operate or their unique issues, explained Cliff Rosenthal, CEO of the National Federation of Community Development Credit Unions, the industry association of CDCUs that has long lobbied the NCUA on CDCU issues.
"We are pleased NCUA has appeared to have heard the voices of CDCUs," in the production of the document, Rosenthal said, "but we are waiting to see how the agency implements it."
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