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Sarah Snell Cooke

Late last year, the NCUA announced it would launch a working group to study field of membership. Thus far, the agency has simply said the group will be reaching out to stakeholders in the coming months for input. NCUA Chairman Debbie Matz’ comments during the recent board meeting indicated that the agency would be looking for solutions within the Credit Union Membership Access Act, indicating that regulatory changes would be up first, but hopefully that does not preclude the necessary legislative push for greater flexibility.

NCUA Board Member Rick Metsger recently suggested five areas on which the agency should focus, and they’re a good start. They include regulatory relief for community charters and credit unions serving underserved areas and low-income families.

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