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The NCUA board Thursday approved rules that would implement plans to create the Office of Credit Union Resources and Expansion—part of the agency’s reorganization plan.

During a seven-minute meeting, the board approved the rules, which also implement plans to eliminate the Office of Small Credit Union Initiatives. The new office will assume the duties of the small credit union office, as well as the federal credit union chartering and field of membership functions of the Office of Consumer Financial Protection and the minority depository institution preservation program of the Office of Minority and Women Inclusion.

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David Baumann

 

Credit Union Times

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