During CUNA's Governmental Affairs Conference on Feb. 23, NCUA Vice Chairman Rick Metsger said he will help remove barriers for credit unions attempting to merge into a network credit union.
The concept of a network credit union has been floated in the industry for almost a decade, Metsger said in a CU Times interview.
Originally reported by the Filene Research Institute and others, the idea – which hailed from Canada – would allow credit unions to come together under one charter. They could operate under their original branding, remaining familiar to their members, but enjoy the benefits of added resources and more easily comply with regulations, Metsger explained at GAC.
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