LICU Opt-In Process Aims to Expand to State-Chartered CUs: Onsite Coverage
DENVER — The NCUA is attempting to expand its opt-in process to low income credit union designation approval this month by working with state regulators to identify eligible state-chartered credit unions, NCUA Chairman Debbie Matz announced Wednesday during her keynote session at the 2012 NASCUS Summit in Denver.
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Matz said the NCUA will meet with NASCUS President/CEO Mary Martha Fortney to brainstorm ways to initiate an LICU opt-in approval process similar to the one NCUA launched for federal credit unions last month.