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HONOLULU — Fighting expanded powers for credit unions and NCUA’s efforts on disclosures during mutual savings bank conversions are top priorities for the Independent Community Bankers of America in 2007, the group announced during its recent National Convention and Techworld.

“Fighting for Competitive Equity with Tax-Exempt Credit Unions,” was one of the association’s top issues for the year. ICBA stated that it opposes expanded powers for credit unions, particularly attempts to raise the cap on member business loans, as long as they are tax-exempt and do not have to comply with the Community Reinvestment Act. ICBA also supported the right of financial institutions to choose their charter type and backed legislation to prohibit NCUA from preventing credit union conversions to a bank or thrift.

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