Calling attention to how the proposal may impact members’ dividends, the National Association of Federally-Insured Credit Unions has urged the National Credit Union Administration to reconsider its plan to raise the National Credit Union Share Insurance Fund’s normal operating level from 1.3 percent to 1.39 percent.
NAFCU’s board of directors and two internal committees unanimously voted to oppose the proposal, according to a press release, asserting that such an action would adversely affect the industry.
Be sure to stay on top of the industry’s thoughts on the agency’s proposal and what that proposal entails.