In a blunt document, the National Association of Federal CreditUnions has come out with a big no in regard to the recent NCUAAdvanced Notice of Proposed Rulemaking (ANPR) designed to forcecredit unions to get in place approved liquidity.

NAFCU, in its comments, joins a parade of opponents of the proposed rule.

In its written comments — signed by Dan Berger, executive vice president,government affairs — NAFCU said, “As a general matter, NAFCU doesnot support the contemplated regulatory requirement. Withouta doubt, FICUs should ensure that they have adequate sources ofliquidity they should turn to in cases of emergency. However,imposing a regulatory requirement is not the appropriateapproach.”