ICBA issues summary on credit union acquisition proposal

ICBA released a summary of a National Credit Union Administration proposed rule that would provide more transparency and disclosures when credit unions acquire bank assets.

The proposal, which ICBA has urged the agency and other policymakers to expand on, would establish standards for board and regulatory approval of acquisitions, membership and financial disclosures, federal share insurance, and more.

Comments on the proposal are due March 30. ICBA will submit comments and is developing talking points and grassroots tools for community bankers to use in responding to the proposal as part of its "Wake Up" campaign.

Read the summary