ALEXANDRIA, Va. — NCUA Board Member Rick Metsger told Credit Union Times on Tuesday he supports the intent of a proposed rule that would allow the NCUA to collect financial information about CUSOs to protect against losses to the NCUSIF.

However, Metsger said he has concerns about the cost of supervising CUSOs, which has been estimated at $1 million to develop the program and $500,000 per year to maintain.

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