Credit unions: Ask lawmakers to join call for 18-month exam cycle

first_imgCredit unions are encouraged to contact their members of Congress and ask them to sign a letter today that urges NCUA Chairman Debbie Matz for a return to an extended, 18-month exam cycle for well-run credit unions.The letter, initiated by House Financial Services Committee members Frank Guinta, R-N.H., and Rubén Hinojosa, D- Texas, started circulating through the House last week for signatures.NAFCU Vice President of Legislative Affairs Brad Thaler encouraged more signatures in a message to the House Financial Services Committee yesterday. “Lengthening the cycle will provide well-run credit unions with immediate regulatory burden relief,” Thaler wrote. “It will also ensure NCUA resources are used for credit unions that are facing challenges and need more oversight.” continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img