CUNA has asked the NCUA for a 30-day extension of its comment period for the agency's proposed rule to expand the definition of small credit unions to less than $30 million in assets.
The trade association, which represents some 7,000 credit unions, said in a letter from Senior Vice President and Deputy General Counsel Mary Mitchell Dunn that it is still in the process of collecting feedback and analyzing data.
Dunn also said credit unions have many priorities on their plates, including other new rules from the NCUA and CFPB.
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