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NAFCU Applauds NCUA's Stance on Merger Rules

NAFCU said it is optimistic about NCUA's role on the impact the Wings Financial/Continental merger proposal could have on the credit union industry.

By Staff Writer | Updated on April 17, 2007

ARLINGTON, Va. — NAFCU said it is optimistic about NCUA’s role on the impact the Wings Financial/Continental merger proposal could have on the credit union industry.

NCUA Chairman JoAnn Johnson said last week that the agency’s role “in this process is not a passive one,” it is committed to ensuring that all statutory and regulatory requirements are satisfied and if NCUA’s rules are found to be “inadequate or insufficient” surrounding the merger proposal, the board will move to address them.

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