ALEXANDRIA, Va. — As of press time it appears NCUA has received roughly 36 comments related to its most recent proposed revision of regulations that govern the conversion of a credit union to a mutual bank.
But as might have been expected from such a controversial and emotional topic, the 18 credit unions, eight credit union leagues, seven credit union and bank associations, and three law firms or consultants found little upon which they could agree.
Generally speaking, the comments broke down along previous positions that different groups have taken on the general issue of credit unions converting to mutual banks.
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