WesCorp President/CEO Philip Perkins wrote in a letter to members obtained by Credit Union Times that the NCUA’s proposed corporate regulations as currently written contain a “number of elements that would have a detrimental impact on credit unions.”

Writing the letter to assist members in preparing their own comments for the NCUA, Perkins specifically objected to the regulator’s proposed certificate premium redemption restriction, new net economic value tests, and asset weighted average life limits applied to member loans.

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