Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ARLINGTON, Va. – The NASCUS leadership is exploring the possibility of implementing an affinity agreement with Fannie Mae for state-chartered credit unions, similar to the ones NAFCU has with Fannie Mae and which CUNA has with Freddie Mac. NASCUS Vice President, National Advocacy Jonathan Lindley said Fannie Mae took the initiative last year and approached NASCUS to work out an arrangement with the association that would give state-chartered credit unions greater access to the secondary mortgage market. Lindley said the “issue and discussions are continuing.” At this time what’s holding up progress on an affinity arrangement between NASCUS and Fannie Mae, he said, is some NASCUS members question whether NASCUS should enter into “these sorts of arrangements since they don’t see NASCUS as being a typical trade association.” Lindley said “the matter is under consideration by the NASCUS leadership. This is an on-going debate, and the ball is in NASCUS’ court.” He added that Fannie Mae remains very enthusiastic about a possible affinity arrangement with NASCUS.

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.