CBAI ACTION ALERT - Urge Congress and the NCUA to Halt the Latest Credit Union Power Grab

August 3, 2015

The National Credit Union Administration (NCUA), in an unprecedented move, recently proposed to significantly loosen constraints on member business lending for tax-exempt credit unions, completely sidestepping the statutory cap of 12.25 percent established by the United States Congress.

CBAI urges community bankers to send a customizable letter to Congress and the NCUA to express opposition to this plan, which would expand credit union more business lending authority and siphon loans from taxpaying community banks. Contact Congress and the NCUA Today.