NCUA proposes modernized member expulsion process

Published by: Sean Brown

November 16, 2022 | Regulatory

Credit unions need operational flexibility to meet service demands and challenges, especially when dealing with an abusive member. Although the need to expel a member might be rare, providing federal credit union’s executive staff and board of directors the latitude to make that decision is necessary to ensure the safety and well-being of members and staff alike. This is what the League will influence in the National Credit Union Administration’s (NCUA) proposed member expulsion rules process. The rule proposal is the result of Movement advocacy efforts to pass the Credit Union Governance Modernization Act, which requires NCUA to modernize the federal credit union member expulsion process. The League will continue to support laws and rules that operationally empower credit unions.

If your credit union is interested or has experienced a situation that could have benefitted from a more practical expulsion process, join the League in submitting a comment letter outlining the importance and need for efficient and viable safety tools. All comments are due no later than Dec. 2.

Contact Sean Brown for questions or assistance.

Sean Brown
Sean Brown Director, Regulatory Affairs E: sbrown@ohiocul.org
Contact Us

Other Movement News

Government Affairs

League supports Ohio Computer Crimes Act

While your credit union is busy taking care of its members, the League regularly heads to the Ohio Statehouse to advocate for your ability to serve them more efficiently and […]
Regulatory

Final Call: Oppose arbitrary CFPB credit card fee caps

Terms, conditions, and agreements between you and your members are just that: between you and your members. As member-owned financial cooperatives, credit unions already empower their members to not only […]
Member Benefits

Create employee handbook in minutes

HR Suite is a total human resource compliance solution for your company and is complimentary to League members. It is a customizable online company Policy Manual and Employee Handbook, plus […]