CUNA President/CEO Jim Nussle, Deputy Chief Advocacy Officer Elizabeth Eurgubian, and Senior Director of Advocacy and Counsel Elizabeth LaBerge spoke with acting Federal Housing Finance Agency (FHFA) Acting Director Sandra Thompson Monday afternoon. The group discussed housing finance priorities for credit unions.
“We thank Acting Director Thompson for her time, as well as her willingness to discuss our priorities and the need to ensure affordability, stability and durability of our housing finance system in the future,” Nussle said. “Not-for-profit financial cooperatives are at the heart of both the Federal Home Loan Banks’ and government-sponsored enterprises’ statutory mission, and we look forward to continued engagement with the FHFA.”
CUNA wrote to Thompson after she was named acting director, listing short- and long-term housing finance priorities for credit unions. One short-term priority has already been accomplished, as the FHFA announced it would rescind the 0.5% adverse market fee.
Additional short-term priorities include calling on FHFA to:
In the longer term, CUNA calls on the FHFA to: