The NCUA and credit unions share common interests and can worktogether to support the industry, NCUA Board Chairman Debbie Matztold Maine credit unions at their annual meeting.

“We can and do work well together,” Matz told the Main CreditUnion League's Annual Delegates Meeting last Friday.

“Although our role is to regulate credit unions and ensure thesafety and soundness of the Share Insurance Fund, NCUA wants tocreatean environment that protects consumers and allows credit unionsto operate successfully,” she said.

Matz pointed to efforts the agency is making to streamlineregulations and help encourage congressional approval to raise themember business lending cap.

“Credit unions know their members and generally lend in aresponsible manner, so raising the cap could enable more smallbusinesses to access credit at their local credit union,” the NCUABoard chair said.

She added, “Credit unions in Maine and across the country arecoming through the economic recovery safe and sound, and I thinkthey have a bright future.”

More than 100 delegates from Maine's 62 creditunions attended the gathering in Portland.