The National Association of State Credit Union Supervisors (NASCUS) has submitted a comment letter to the National Credit Union Administration (NCUA) regarding the agency’s proposed amendments to 12 CFR Part 741, Requirements for Insurance.
NASCUS supports the NCUA’s efforts to streamline regulations and reduce unnecessary burden. However, we caution that removing certain cross-references from Part 741 could have the opposite effect for federally insured state-chartered credit unions (FISCUs).
