NCUA headquarters, Washington, D.C. (Source: NCUA). NCUA headquarters, Washington, D.C. Credit/NCUA

On Thursday, NAFCU Senior Regulatory Affairs Counsel James Akin, sent a three-page letter to the Director of the NCUA’s Office of Financial Technology and Access (OFTA), Charles Vice, in an attempt to open discussions with the office to not only assist credit unions with innovation strategies, but to remove information-sharing hurdles between the agency and the industry.

Akin wrote, “As the financial landscape continues to evolve, it is crucial for credit unions to be agile and innovative, ensuring that they can adequately cater to the needs of a diverse array of consumers and remain competitive. In this respect, OFTA can act as a forum for technological solutions that promise enhanced accessibility and inclusivity, especially for underserved populations. NAFCU believes that these efforts can usher in a future where fintech solutions bridge existing gaps in access to financial services, ensuring that every individual has equitable opportunities for financial well-being with the help of their community financial institution.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

More from this author


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.