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CUNA President/CEO Dan Mica wrote President Obama yesterday to express the group’s appreciation for keeping the NCUA as a separate agency in the administration’s regulatory restructuring plan.

He wrote that keeping “NCUA as an independent, yet highly competent agency and avoiding a consolidated regulatory scheme that would supervise for-profit banks and not-for-profit credit unions in a similar manner is one of the most significant objectives of the credit union system.”

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