WASHINGTON -- The National Credit Union Administration is considering barring federally insured credit unions from converting to thrift charters if financial gain for management drives the effort.

On June 23, the NCUA board will consider regulations to give it final approval over a charter conversion by any federally insured credit union.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.