WASHINGTON — Saying they are already overburdened by compliance rules, credit unions and their trade associations told NCUA that they oppose new regulations regarding the merger of federal credit unions with other financial institutions.

CUNA Senior Vice President and Deputy General Counsel Mary Mitchell Dunn wrote that additional regulations are "unwarranted and would needlessly intrude in the operations of credit union boards….We urge the agency to call a halt to overregulation and consider the broader regulatory picture as it applies to credit union operations, not just the merits of any individual rulemaking or discrete set of new requirements."

At issue are rules that the NCUA may promulgate concerning mergers that the agency believes may harm members of a credit union. These regulations would govern issues such as the fiduciary duties of board members and communication between boards of one institution and members of another during merger discussions.