Looking back six years ago finds the controversial Community Action Plan proposal passing in a 2-1 vote. Board Member Dennis Dollar cast the sole dissenting vote on the IRPS 00-1 proposal, which he generally favored except for the CAP.
"The field of membership rewrite is, I think, one of the most progressive steps that we have taken in recent years to make our field of membership policies more user-friendly…and to accomplish the result of extension of credit union service to more Americans," said Dollar applauding the FOM amendments. "My fellow board members' goals are noble and it's a goal that I share. I believe that their method of attaining that goal is not the method that we should be taking."
That issue also finds NCUA's intent to raise overhead transfer rates igniting sparks from NASCUS.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
