The Missouri Credit Union Association filed a comment letter with the National Credit Union Administration (NCUA) on Thursday, January 23, detailing concerns with NCUA’s proposed home-based credit union rule. The provisions in the proposal require that credit unions operate out of nonresidential office space, which will make it difficult for many home-based credit unions to continue operations. The following concerns were detailed in the comment letter:
MCUA will continue to communicate these concerns with the agency. NCUA has not indicated when a final rule will be approved.