The Pennsylvania Credit Union Association's board has adopted a formal resolution warning it would take "appropriate" legal steps to mitigate the impact of the NCUA's conservatorships of U.S. Central and WesCorp.
Following up on CUNA threats last week that it has been looking at suing the agency over its actions, the Pennsylvania trade group said "together with CUNA" it is prepared to "engage in direct advocacy" with the NCUA as well as legislative pursuits to diminish the impact of the costly assessments borne by CUs across the U.S.
The PCUA resolution did say any step it might take, which it did not spell out, would be "only if necessary."
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