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NCUA official seal NCUA official seal. (Source: NCUA)

Numerous credit union organizations have asked the NCUA for help with adding tools to assist credit unions facing prompt corrective action and capital challenges caused by the pandemic.

In a letter to the NCUA late last week, CUNA and 35 different credit union leagues and associations that are members of the American Association of Credit Union Leagues urged the agency to ask Congress and work with lawmakers to adopt PCA changes in the Federal Credit Union Act.

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Michael Ogden

Editor-in-Chief for CU Times.

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