X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<p>WASHINGTON – In a recent meeting, NAFCU President Fred Becker told Rep. Michael Oxley (R-Ohio), Chairman of the House Financial Services Committee that $33 billion in credit union assets moved from the federal to state charters in the last five years, according to NAFCU staff. “We conveyed to Chairman Oxley that over the last five years the assets of credit unions converting from federal to state charters are over $33 billion,” said Brad Thaler, Director of Legislative and Political Affairs for NAFCU. The Chairman was “interested” in the patterns of federal charter conversion that the association presented, NAFCU said. In addition to Becker and Thaler, Senior Vice President Bill Donovan and Senior Legislative Representative Murray Chanow also attended the meeting and helped to convey the association’s gratitude for the chairman’s efforts in drafting and shepherding a regulatory relief bill through the legislative process. NAFCU and CUNA are expected to testify in favor of the regulatory reform package on April 25 and Oxley’s staff said they hoped to have the package ready for full committee mark up by May. “We look forward to testifying on the regulatory relief bill and believe it is an important step in the right direction,” Thaler said.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.