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In a letter to NCUA Chairman Debbie Matz, Reps. Frank Guinta (R-N.H.) and Ruben Hinojosa (D-Texas) called upon the agency to extend the exam cycle length for well-capitalized credit unions and provide a timeline for its efforts.

The two congressmen applauded the agency’s 2015 regulatory relief efforts in the letter and requested that the agency continue to “find solutions to eliminate burdensome and duplicative regulations.” They also expressed concern over the decline in credit unions since 2008, which they said was “due in no small part to overly burdensome regulations on the industry.”

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