Corporate CU Comment Deadline Extended

Posted by Marissa Anema Wednesday, December 01, 2010 11:35:31 AM

ALEXANDRIA, Va. - The due date for comments on NCUA's recently proposed amendments to its corporate credit union rules has been extended to January 28, 2011.

CUNA President/CEO Bill Cheney said that CUNA appreciates NCUA's "responsiveness to the needs of the credit union movement for more time to fully evaluate this important proposal."

NCUA originally provided credit unions and other concerned parties with a 30 day comment window. CUNA last week urged the NCUA to extend the comment period, saying that many aspects of the proposal "are in need of careful review by credit unions and the agency."

NCUA Chairman Debbie Matz said that the extended comment period "will balance the need for stakeholders to provide thoughtful feedback on the complex issues raised in our newly proposed corporate rule, while ensuring that the final provisions from both corporate rulemakings will take effect over a closely coordinated time frame."

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