League weighs in on combination transactions with non-credit unions

Published by: Emily Leite

May 14, 2020 | Education & Training, Government Affairs, Regulatory

Even though COVID-19 relief remains the Movement’s primary focus, regulatory advocacy has not taken a backseat. In March, the League provided comments to the NCUA’s proposed rule change concerning combination transactions with non-credit unions (RIN 3313–AF10). Specifically, we advocated for rulemaking that saves credit unions time and money, while shielding them from liability, through the following main points:

  • adding an approval process timeline to prevent any unnecessary transaction delays;
  • granting flexibility to dispose non-credit union assets following a complete transaction; and
  • providing membership options to non-credit union accountholders.

For additional details, please find the full comment letter or reach out to League Regulatory Counsel Chris Noble with questions or for more information.

CONTACT US

E: cnoble@ohiocul.org
T: (614) 923-9762
C: (614) 448-6237

Other Movement News

Government Affairs

Members advance advocacy priorities in Washington, D.C.

Credit union advocacy strength is built by the willingness of Ohio credit unions to go above and beyond to advocate for 3.2 million Ohioans. Last week, 39 leaders from 26 […]
Regulatory

Credit unions connect with NCUA Chairman during Hike the Hill

Optimal regulation occurs when regulators and regulated organizations collaborate on safety, soundness, and consumer protection priorities without negatively impacting operational viability. Almost 40 Ohio credit union leaders traveled to the […]
Member Benefits

Congratulations 2023 award winners

Credit unions make a positive impact on people’s daily lives, and the League is proud to acknowledge the dedicated individuals who make it all happen each year. This year holds […]