CUNA wants the NCUA to pay interest on credit unions' prepayment of assessments for the corporate credit union rescue while NAFCU wants the agency to have no maximum contribution.

Those are the recommendations the trade associations made in comment letters they sent the agency on Monday.

CUNA President/CEO Bill Cheney wrote that the plan is a "sound and creative approach" but needs modification to address concerns of credit unions.

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

  • Critical CUTimes.com 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 Law.com and GlobeSt.com.
NOT FOR REPRINT

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