Rep. Heck: FOM proposal brings credit unions ‘much needed flexibility’

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The National Credit Union Administration’s (NCUA) field-of-membership proposal is an important modernization that will enhance safety, soundness and services of the credit union industry, Rep. Joe Heck (R-Nev.) wrote this week.The Nevada Credit Union League, which coordinated with Heck to make sure the NCUA became aware of his support, was instrumental in getting the letter submitted.“The proposal would provide credit unions with much needed flexibility in establishing an appropriate field of membership for their members, allowing them to serve consumers they are not presently able to serve,” Heck wrote. “The changes would lead to a stronger and more efficient credit union system framework.”Heck also said the proposal would allow federal charters to compete more effectively with state charters that have seen aggressive changes in recent years. continue reading »last_img

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