Credit unions and their trade groups appear to be voicing support for the NCUA plan to allow credit unions to prepay some of the cost of the bailout of corporate credit unions.
But, in a statement, CUNA President/CEO Bill Cheney said that while CUNA supports the plan, he believes the NCUA did not go far enough in revamping the initial proposal to reflect industry concerns.
A key component of the revised plan is raising the aggregate amount required to go forward with the program from $300 million to $500 million.
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