ARLINGTON, Va. — When NCUA Board Member Gigi Hyland asked credit unions for feedback to the report from the agency's Outreach Task Force, she told credit union leaders at CUNA Governmental Affairs Conference that she was confident they would provide their opinions.
"Read the report," Hyland said. "Yes, I know its long. But read it and share it with management and board, think about impact on the recommendations might have and let the NCUA board know what you think. I know you are not shy."
Some CUs, particularly NAFCU members, have already begun to make their opinions known. In a March 4 letter to the agency, NAFCU strongly staked out a position against different parts of the task force recommendations, urging the agency not to continue collecting data on credit unions' member service and to allow credit unions to decide if they want to make executive compensation public.
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