ARLINGTON, Va. — NAFCU President/CEO Fred Becker responded to a number of tough questions during a recent luncheon of the Metropolitan Area Credit Union Management Association.
Becker told attendees he felt there was some confusion over NAFCU's positions on disclosures in mutual savings bank conversions and executive compensation in mergers. "I don't think we're inconsistent or hypocritical at all. I think it's been reported that way," he said.
In the process of converting a credit union to a mutual savings bank, NAFCU has worked to ensure credit union members are fully informed of the differences in structure and member rights.
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