CUNA followed up its communications with NCUA Chairman Rodney Hood Wednesday with a letter regarding possible NCUA actions to alleviate the impact of the coronavirus disease (COVID-19). CUNA wrote to NCUA previously with suggestions for credit union relief during the pandemic.
“As part of our efforts, we have engaged with credit unions of all sizes throughout the country to collect feedback on the top issues they are currently experiencing," the letter reads. "Based on this feedback, we have the following policy recommendations the NCUA should consider in its efforts to help credit unions. This feedback supplements CUNA’s previous communications with you, other members of the NCUA Board, and NCUA staff."
The recommendations include: