NAFCU and CUNA praised the NCUA for the $1.4 billion settlementwith JP Morgan announced on Tuesday and called for the NCUA torespond by lowering or eliminating the corporate assessments creditunions now pay the agency.

“We applaud NCUA's persistence in seeking recoveries on the saleof faulty securities that led to the downfall of five corporatecredit unions,” said NAFCU President/CEO Dan Berger.

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