ALEXANDRIA, Va. — When figures like Marvin Umholtz, a conversionadvocate, and the Wisconsin Bankers are in agreement with CUNA andNAFCU something is wrong.

According to them, it is NCUA's proposal on member access thatis wrong. NAFCU Senior Vice President of Government Affairs DanBerger wrote in a comment letter to the agency that “transparencyis intrinsic to the cooperative and democratic principles”, butadded, “we are not convinced, however, that these rights should befederally regulated at this time.”

CUNA also noted a new board policy regarding member access tocredit union information, which states that members are entitled toreasonable access to non-confidential information; the credit unionshould determine the format used to fulfill the request; and anorderly process should be followed, including cost reimbursement.“These principles are best implemented through internal creditunion procedures, rather than through a new set of overreachingregulatory requirements,” CUNA Deputy General Counsel and SeniorVice President of Regulatory Advocacy Mary Dunn wrote in a separateletter.