Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — NCUA’s proposal to use median household income to measure service to the underserved is a good idea, but the board should ensure that under the new regulations credit unions don’t lose their low income designation, CUNA wrote in a recent letter to the federal agency.

NCUA should permanently grandfather all existing low-income credit unions, not just for five years as the agency proposes, CUNA Deputy General Counsel Mary Mitchell Dunn wrote.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.