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NAFCU Urges NCUA to Release Comments on Prepayment Plan

Becker letter says little benefit to keeping feedback confidential and expresses concern about "free-riders."

By Claude R. Marx | Updated on June 02, 2011

Saying that the agency has “failed in its commitment to be transparent’’ on its proposal to allow credit unions to prepay their assessments for the corporate credit union rescue, NAFCU on Thursday urged the agency to release all comments submitted.

“We see little benefit to keeping information confidential, especially since NCUA is seeking input on general areas of concern. We would further note such information is important given the voluntary nature of the program and its clear benefit to ‘free-riders,’” NAFCU President/CEO Fred Becker wrote NCUA Chairman Debbie Matz.

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