Following previous communications, CUNA sent a letter to NCUA Chairman Rodney Hood 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.
“CUNA continues to engage with credit unions of all sizes throughout the country to collect feedback within the industry,” the letter reads. “Based on recent communications with credit unions, we have the following policy recommendations for the NCUA to consider. These comments supplement CUNA’s previous communications with you, other members of the NCUA Board, and NCUA staff.”
The recommendations include: