Nussle statement on NCUA review of guidance and legal opinion letters
WASHINGTON, DC (February 26, 2020) — Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after National Credit Union Administration (NCUA) Chairman Rodney Hood made an announcement at the CUNA Governmental Affairs Conference (GAC) regarding the NCUA review of guidance and legal opinion letters.
“Chairman Hood’s announcement today at the CUNA GAC that the agency would conduct a comprehensive review of all NCUA’s guidance letters and legal opinions is an important step toward helping reduce the burden that credit unions face in delivering on their mission to promote thrift and provide access to credit for provident services. Consumers turning to credit unions stand to benefit when resources are focused on their needs rather than onerous, repetitive hurdles.”
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.