NAFCU is on Capitol Hill and at regulatory agencies this week, advocating for credit unions’ best interests at the federal level and working in pursuit of a more positive regulatory environment for the industry.
Tomorrow, Keith Stone, president and CEO of The Finest Federal Credit Union in New York, N.Y., is slated to testify on behalf of NAFCU on the process of chartering new financial institutions.
Stone will appear before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit at 2 p.m. Eastern. He will discuss the process his credit union went through when it received its charter from the NCUA in 2015. He will also discuss the current regulatory burden faced by today’s credit unions, the Federal Credit Union Act and governance modernization.
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