NAFCU, NCUA’s Hood meet on CU industry hot topics

NCUA Board Member Rodney Hood met with NAFCU Senior Vice President of Government Affairs Greg Mesack, Vice President of Regulatory Affairs Ann Petros, and Senior Regulatory Affairs Counsel Aminah Moore Tuesday to discuss several topics of note.

The group discussed CDFI Fund transparency and the CDFI streamlined application phase-out, a topic NAFCU and Inclusiv discussed earlier this year when they met with NCUA Chairman Todd Harper and other NCUA staff.

NAFCU, on several occasions, has urged the CDFI Fund to streamline their certification process and address the current application backlog, as it has kept many applicants, including credit unions, waiting for months before they hear from the organization.

The association recently published several issue briefs, including one on CDFIs, to help credit unions stay informed on this topic. In addition, NAFCU sent members a message, urging them to contact the CDFI Fund and their lawmakers to push them to address concerns around the CDFI certification process. Members can go to the NAFCU Grassroots Action Center to contact elected officials on this and a number of other important issues.


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