X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALEXANDRIA Va. — NCUA is considering how it might be able to have a say in some of the bylaw disputes that have begun to crop up between credit unions and their members. NCUA Board Chairman JoAnn Johnson alluded to the interest in the topic during her remarks at a recent meeting of the American Association of Credit Union Leagues and in a later statement said she had directed NCUA staff to conduct a “top to bottom” review of how members relate to the CUs and whether there needs to be a stronger NCUA role in guaranteeing credit unions abide by their bylaws. “The continually evolving debate over credit union conversions, and the nature of member requests pertaining to credit union governance and records, have prompted me to direct Agency staff to conduct a review of the mechanism for resolving federal credit union bylaw disputes,” Johnson said in a statement the agency released on Jan. 22. “Specifically, I want a top to bottom assessment of the standards and practices through which a member relates to their credit union, and recommendations for possible changes in their enforceability.”

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

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.