LAS VEGAS — NCUA Senior Policy Advisor Gary Kohn had a bit of advice for those concerned about the future of credit unions under the Department of Treasury's Blueprint proposal: "don't lose any sleep over it."

Kohn discussed some of the highlights of the proposal that includes a provision eliminating all charters, including the credit union model. There is a "reserve option" for cooperative ownership structure, essentially, a community option that would provide tax exempt status, he added.

"The proposal is taking some aspects of credit unions and shrinking [the model] way down," Kohn said.

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