I read with obvious interest Tina Orem's June 25, 2015, article titled, "NCUA Bans Periodic Membership Fees for FCUs." In the fourth paragraph of the article, Ms. Orem mentions Arizona Federal Credit Union after stating that the NCUA's "opinion could affect how some credit unions do business," and in the next paragraph she poses a rhetorical question "whether and how the NCUA will pursue Arizona FCU."
To the best of my knowledge and belief Ms. Orem made no effort to contact Arizona FCU. Please allow me the opportunity to add clarity and perspective to her article.
Compliance with the Federal Credit Union Act and NCUA Rules and Regulations
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