NCUA’s Approach to Home-Based Credit Union is Too Heavy Handed
According to CUNA, NCUA’s proposed rule that addresses the risks involved in home-based credit unions is an overreaction to issues that may not be systemic. CUNA recommends that instead of requiring all home-based credit unions to find off-site locations in the next two years, among other requirements, that risk issues with these credit unions be handled on a case-by-case basis. [1/27]