Most credit unions, leagues, industry leaders and otherorganizations oppose the NCUA's proposed merger rule changes.

Among the 81 cooperative organizations and individuals whosubmitted response letters to the federal agency's call forcomments, 51 said they mostly oppose the federal agency's proposals –although well intended – that would require more transparency, moreinformation and more communication for members about merger deals.Opponents argue there is rare or little evidence to support one ofthe central issues that continuing credit unions are looking toinfluence merging credit unions by making big payouts to executivesto support the consolidation of their federal credit union.

“In the last three years of the 716 mergers, how many creditunions have you found to get egregious amounts of compensation forits management for merging?” Vicki McIntosh, president/CEO of the$20 million Belle River Community Credit Union in Casco, Mich.,asked in her letter to the NCUA. “The proposal on its surfaceappears that the NCUA is overreacting to a couple ofcomplaints.

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