CUNA expressed concerns on Monday over the cost of complying with the NCUA’s proposed stress test rule, which would affect the four largest credit unions in the nation.

“The agency [NCUA] will be conducting the stress testing and it’s going to cost, according to them, $4 million just in the first year to conduct this stress testing – that’s $1 million for each one of them,” said Mary Dunn, CUNA senior vice president and deputy general counsel on a conference call Monday.


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