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“I certainly hope not! We did have a good discussion with McHenry. We’ll be working to dissuade him of that but he’s a very independent minded person.”

–NAFCU Director of Political Affairs Dillon Shea on whether Congressman Patrick McHenry (R-N.C.) will re-introduce legislation curbing NCUA’s authorities over credit union conversions to mutual savings banks. “The credit union industry–between the Credit Union National Association, the Maryland Credit Union League, the National Association of Federal Credit Unions, and this National Center for Members Trust, their avowed purpose is…no credit union converting is a good idea. So they have organized specifically to derail these processes and make it as difficult as possible for people in my position and to dissuade others.

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