WASHINGTON -- NCUA is placing new attention on credit unionmembers, CUNA Deputy General Counsel and Senior Vice President MaryDunn reported back from CUNA's Attorneys Conference in JacksonHole, Wyo.

NCUA General Counsel Bob Fenner told about 125 credit unionattorneys from around the country that NCUA has honed its "focus onputting members first." Issues the agency will be looking at butnot necessarily issuing any rulemakings on include mutual savingsbank conversions, mergers, and the adequacy of disclosures inprivate insurance. Additionally, NCUA is working on a final rule onthe conflict of interest in eligible obligations and red flags fromthe Fair and Accurate Credit Transactions Act, as well as affiliatemarketing.

"The Board has taken proactive steps to enhance memberprotection and transparency through inspection of records, and isconsidering action in the same vein regarding bylaw enforcement,"he said. "These are part of NCUA's overall efforts to make certainthat the members are the decision makers when it comes to mattersrelated to ownership and structure of their credit union."