Of the nearly 70 comment letters the NCUA has received so far in reaction to its proposed amendments to the CUSO rule, it's no surprise that the majority are opposing the measure.
In addition to several CUSOs, nearly 30 credit unions cited detailed instances of how CUSOs have helped to bring added services to their respective membership and increased their bottom line.
The National Cooperative Business Association, which represents more than 29,000 cooperatives including credit unions, criticized the proposal saying it "will stifle the ability of CUSOs to innovate and provide collaborative solutions that will sustain credit unions."
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