LAKE BUENA VISTA, Fla. — For credit unions that anticipate needing some flexibility, applying early for a blanket waiver might help them with their response time with borrowers.
Vin Vieten, NCUA program officer for member business lending, offered that suggestion during a Wednesday afternoon session at NACUSO's annual conference. He said the blanket waiver has more wiggle room than a one-time waiver.
One attendee at the session asked if the waiver process can be considered at the national level rather than NCUA's regional offices. Vieten said regional directors have a better viewpoint for assessing their particular areas and as a result, the protocol will remain.
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