U.S. Senator Heidi Heitkamp (D-N.D.) and NCUA Board Chairman Debbie Matz participated in a roundtablediscussion with 40 credit union leaders from across North Dakotaand South Dakota on April 8.
Matz shared some of the agency's regulatory relief initiatives,in light of the fact that Dakota credit unions face a lending capon business and commercial loans of 12.25% of their assets.
Matz mentioned that the agency is working on adding supplementalcapital, expanding fields of membership, removing the fixed assetlimit caps at 5%, permitting asset securitization and eliminatingthe underwriter requirements on home mortgage originations.
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