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NAFCU Flash Outlines Economic Predictions and Discusses NCUA Data Collection

NAFCU's most recent Flash Report survey confirmed that 74% of credit union respondents felt the recent data collection effort by the NCUA, known as the Member Service Assesment Pilot Program, was an inappropriate expense and should not be expanded as currently structured.

By Staff Writer | Updated on February 26, 2008

WASHINGTON — NAFCU’s most recent Flash Report survey confirmed that 74% of credit union respondents felt the recent data collection effort by the NCUA, known as the Member Service Assesment Pilot Program, was an inappropriate expense and should not be expanded as currently structured.

In 1934, credit unions were organized to serve those of modest means. Recently, the modest means definition has come under scrutiny by the Government Accountability Office, Congress, and the banking industry.

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