Carrie HuntAt NAFCU, we try every day to make the world a bit better for credit unions and their members. Strengthening the federal charter is at the core of our advocacy. We push for change on many different fronts, and making the regulatory regime better bit by bit is one way we reinforce the charter. But many times our efforts come to a screeching halt because of an assertion that we need a change in the Federal Credit Union Act. 

The NCUA made no secret of the fact that its number one legislative priority in 2014 was to seek third-party vendor examination authority. As NCUA is an independent regulatory body that regulates credit unions, NAFCU found it puzzling that the agency chose to ignore the plethora of other legislative changes that would actually make credit unions stronger. Field of membership changes certainly would have been at the top of our list to effect positive change for credit unions. 

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