It's often said that personnel equals policy.

And if that's the case, then the crystal ball for predicting the regulatory climate and direction facing credit unions is decidedly clouded.

The direction of policymaking at the NCUA may partly hinge on filling vacancies on the agency board, according to NAFCU President/CEO B. Dan Berger. He said improving the regulatory climate for credit unions may require President Trump to appoint another Republican to fill a vacancy on the board.

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