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NAFCU’s Carrie Hunt testifies at the Senate Banking Committee hearing on March 27, 2019. (Source: NAFCU)

Any housing overhaul legislation must explicitly guarantee credit union access to the secondary mortgage market, NAFCU Executive Vice President for Government Affairs and General Counsel Carrie Hunt told a Senate committee Wednesday.

“Credit unions must be able to participate on a level playing field and have access to pricing that is focused on quality not quantity,” Hunt told the Senate Banking Committee in testimony prepared for a hearing on housing programs. “We do not support a pricing structure based on loan volume, institution asset size, or any other issue that will put our member-owners at a disadvantage.”

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