Tun Wai, NAFCU's chief economist who vastly expanded the association's research operations, plans to retire in February, the trade group announced Friday.

Wai, who joined the association in 1987, was a founding member of the Credit Union Economics Group.

In the past 25 years, NAFCU's research operation has grown from a one-person department to four. During Wai's tenure, the department began several research publications, including the quarterly Cost of Funds Report and the monthly Economic and CU Issues Monitor.

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