NCUA's proposed rule limiting CU membership to a single corporate is already drawing active industry response with more time being sought in line with surveys being taken by CUNA and NAFCU.

CUNA said Tuesday it is seeking CU input on various aspects of the proposed rules put forward at NCUA's November meeting and wants the credit union remarks by Jan. 14 in light of NCUA extending public comment period through Jan. 28.

The NCUA proposal, CUNA said, "would limit a natural person credit union to membership in only one corporate at a time to reduce 'rate shopping' among the corporates. Do you support such an approach? Do you agree with NCUA that 'rate shopping' is negative, in the sense that it led to excessive risk-taking by the corporates?"

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.