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Rodney Hood speaking at GAC. Rodney Hood speaking at GAC.

Previewing what may become a major regulatory effort, the two Republican members of the NCUA board on Wednesday said they want to make it easier for organizations to start credit unions.

“The NCUA had one new charter last year,” NCUA Board Member Rodney Hood said at CUNA’s annual Governmental Affairs Conference, which is being held virtually this year. “Only two are planned for this year. These data are, quite frankly, unacceptable. The agency can make it incredibly difficult to get a new charter. We aren’t saying chartering a credit union should be easy, but it shouldn’t feel impossible for many organizing groups.”

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