Approximately 450 individuals and organizations filed comment letters with the NCUA on changes to the structure of corporate credit unions, the agency said today.
"I am pleased by the initial response to NCUA's request for comments regarding possible corporate reforms. This process will be a careful and deliberate one, especially given the broad scope and complexity of the issues before us. At the same time, I intend to move forward with all appropriate speed and diligence," said NCUA Chairman Michael E. Fryzel. "The corporate situation warrants a new set of rules that will facilitate the creation of a safer, stronger, and more financially viable network of corporate credit unions, and NCUA must take a wide-ranging look at all options and then act decisively."
The deadline for comments to be filed was yesterday.
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