A proposal was issued for comments at the National Credit Union Administration's (NCUA's) board meeting in December that would impose concentration limits on credit unions purchasing loan participations. This week, CUNA held a conference call with members of the CUNA Lending Council, league groups, individual credit unions and a joint call of its Examination and Supervision Subcommittee and Federal Credit Union Subcommittee. CUNA will use the comments from these calls and other input from credit unions and leagues in formulating its letter, which we will be circulating this week. Also, CUNA’s Operation Comment on the proposal is now live to help credit unions as they develop letters to NCUA. Some of the major concerns with the proposal include:
You can access CUNA’s Regulatory Comment Call and other information about the proposal here.