WASHINGTON — Preserving an independent regulator, obtainingrisk-based capital and expanding the ability of credit unions tomake business loans are among the top priorities NAFCU outlined ina letter sent today to President-elect Barack Obama.
“America's credit unions play a distinct and important role inthe U.S. financial marketplace and accordingly, as you transitionand your administration moves forward, we hope we that we can be aresource to you on any credit union or other financial servicesissues,” NAFCU President and CEO Fred Becker wrote Obama.
He said risk-based capital and raising the amount of moneycredit unions can lend to businesses would help credit unions andenable them to help more businesses obtain capital, and thus createnew jobs.
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