"You can count on something like this happen- ing again."

–Mark Cummins, president/CEO of the Minnesota Credit Union Network, referring to the Wings Financial Federal Credit Union unprecedented merger proposal and campaign. "NCUA's interpretation of what constitutes underserved is so broad that it would allow a credit union to add all of Washington, D.C. but locate its office in an affluent section of Georgetown. I don't think this complies with the spirit of the law."

–American Bankers Association Senior Economist Keith Leggett on why the group sued NCUA over the America First FCU underserved areas and the credit union campaign to point out the bankers' hypocrisy. "It is unfortunate it came to the point we had to fix that but there is a lot of support on the Hill for that provision."

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

© 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.