NCUA puts focus on CU members

WASHINGTON (10/9/07)—National Credit Union Administration (NCUA) General Counsel Robert Fenner told a group of about 125 credit union attorneys that his agency is putting a renewed focus on credit union members. He made his remarks at the Credit Union National Association's Attorney's Conference in Jackson Hole, Wyo.

The agency, Fenner told attendees, wants to assure that credit union attention is focused on "putting members first." It will be looking into such areas as credit union conversions to another form of financial institution, mergers, and the adequacy of disclosures involving private insurance.

Once the agency completes its study of these areas, it will determine whether or not any new rulemaking is required. (CU Times)