WASHINGTON – NCUA Chairman Debbie Matz likely picked a bone with credit union executives Thursday during her testimony at a Congressional hearing with the House Financial Services Committee's subcommittee on financial insitutions.

While being questioned by Rep. Mick Mulvaney (R-S.C.), Matz said not only once, but twice, that she doesn't believe that credit unions represent their members, even after being asked by Mulvaney to clarify if that's what she meant.

Do credit unions represent their members?
Yes No Depends on the credit union. Other Please Specify:

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.