CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » CUNA Letter to NCUA on Suspension and Debarment Procedures
Press

CUNA Letter to NCUA on Suspension and Debarment Procedures

May 15, 2018

FOR IMMEDIATE RELEASE 

CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; lwilliams@cuna.coop           

Washington, DC (May 9, 2018) – Today, Credit Union National Association sent this comment letter in response to the NCUA’s proposed suspension and debarment procedures. CUNA supports the agency’s decision to take administrative action to address due process in the agency’s procurement process.

“CUNA agrees with the agency that for the purposes of a liquidation or conservatorship of an undercapitalized or failing credit union, suspension and debarment procedures need not be applied to legal services contracts, whether provided on behalf of NCUA as an agency or the NCUA board as conservator or liquidating agent,” the letter reads. “CUNA does not believe that the proposed rule regarding suspension and debarment processes should materially restrict the board’s statutory contracting rights as conservator or liquidating agent.”

CUNA believes the provisions within the proposal that provides contractors with an option for judicial review provides sufficient remedy.  

### 
 
About CUNA  
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.  

Credit Union Magazine: Summer 2023

Summer 2023

Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.
Digital Edition •  Subscribe

Trending

  • Final week to nominate a 2023 Credit Union Rock Star

  • CUNA to host free webinar on FedNow service strategy June 13

  • Regulators issue AVM proposal, WH addresses appraisal bias efforts

Tweets by CUNA_News

Polls

Do you think ChatGPT will become useful for credit unions?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us