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NCUA merger rule draws concerns from credit unions
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Legislation
Friday, August 18, 2017
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The National Credit Union Administration’s proposal to revise and clarify regulations that apply when credit unions merge recently drew concerns from the Credit Union National Association.
The rule would require merging federal credit unions to disclose all financial arrangements related to the merger; mail member notices at least 45 days, but no more than 90 days, before the meeting to vote on the merger.
Read on to find out what aspects of the rule are giving credit unions pause, and the three specific points which the Credit Union National Association says it does not support in the rule, saying the proposal could increase the regulatory burden for its credit union members.
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