Credit union CEOs representing CUNA and NAFCU today urged lawmakers to increase the NCUSIF’s borrowing authority with the Treasury Department to $100 billion and allow the CLF to lend to corporate credit unions.

These additional powers will give the NCUSIF “the authority it needs to address insurance issues and manage insurance costs,” VyStar Credit Union President/CEO Terry West told the Senate Banking Committee’s Subcommittee on Financial Institutions on behalf of CUNA.


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