Credit union acquisition comments due Monday

Jun 12, 2020

The deadline is approaching for community bankers to submit comments on a National Credit Union Administration proposal on credit union acquisitions of community banks. ICBA is urging community bankers to tell the NCUA to increase transparency of these transactions ahead of Monday's comment deadline.

Community bankers can also continue using ICBA's Be Heard grassroots action center to:

  • Oppose the NCUA's proposal to allow the largest credit unions to issue subordinated debt.
  • Call on Congress to hold a hearing on the spike in credit union purchases of community banks.

In a recent Medium op-ed, ICBA Vice Chairman Brad Bolton wrote that small credit unions themselves should urge Congress to hold hearings on NCUA efforts to benefit the largest and riskiest credit unions.