In an exclusive interview with CU Times, NCUA Board Chairman Debbie Matz responded to criticism of the NCUA's proposed rule that would prohibit credit unions from operating in homes.
The rule, which was introduced at the NCUA's board meeting in December of last year, would give credit unions two years to find commercial space.
The rule was approved by a 2-1 vote at the NCUA Board's Dec. 12 meeting, with Michael Fryzel casting the lone "no" vote. It was then put out for comment and a final vote on the rule has not been announced.
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