NEW YORK — As the credit union industry begins to self-consciously turn more toward serving lower income communities, the National Federation of Community Development Credit Unions is urging NCUA to make sure it makes practical changes to help it do so.
The Federation's stance on issues regarding NCUA have been long-standing and often the topic of closed door meetings with the leadership of NCUA, but the topics came to the fore in a more public forum during a town hall meeting that was held in New Orleans in conjunction with the group's 33rd annual conference.
NCUA Board Member Gigi Hyland addressed the meeting and her comments echoed some of the points the Federation has been making, but one week later the Federation says it wants to make sure the agency changes its practices in light of the policies.
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