How Can the Industry Preserve Minority Depository Institutions?

NCUA Board Chairman Rodney Hood is committed to helping MDIs thrive, but others say additional industry-wide initiatives are needed.

By Peter Strozniak | August 20, 2020 at 02:07 PM

Preserving the industry's minority depository institutions is not just a goal for NCUA Chairman Rodney Hood, it's his mission. But that mission will be undoubtedly arduous. Despite the NCUA's efforts over the years to help preserve MDIs, their numbers keep declining through mergers.

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