NAFCU Board seeks dialogue with Metsger on stabilization refunds

The NAFCU Board, led by Chair Richard L. Harris, wrote NCUA Board Chairman Rick Metsger yesterday seeking a meeting to discuss the timeline for NCUA to make refunds to credit unions from the Temporary Corporate Credit Union Stabilization Fund.

NCUA has said previously that 2021 is the earliest that credit unions could receive a refund, but NAFCU notes that NCUA’s recent statements and actions open up the possibility that some refunds could occur before that date.

The NAFCU Board members, in Wednesday’s letter, invited Metsger to join them in their upcoming board meeting Nov. 29 at NAFCU headquarters or to participate in a conference call “at your earliest convenience.”

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