The Credit Union National Association has some tips for the industry's federal regulator. The National Credit Union Administration asked for the advice in March. The agency has received about 40 letters, and more are trickling in. The suggestions for improvement are being studied by agency staff. CUNA's recommendations come from its Examination and Supervision Task Force, headed by Alabama Credit Union League president Gary B. Wolter. An edited version of the group's eight-page June 28 letter follows:
NCUA deserves credit for providing a supervisory framework that fosters safety and soundness without jeopardizing credit unions' ability to determine and serve the best interests of their members.