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CU System
MCUL regulator meet on stabilization plan
LANSING, Mich. (3/11/09)--The Michigan Credit Union League (MCUL) and the state's Office of Financial and Insurance Regulation (OFIR) addressed the National Credit Union Administration's (NCUA) Corporate Stabilization Program at their spring meeting March 3.
Among those participating in a meeting with the Michigan Credit Union League are, from left: Office of Financial and Insurance Regulation (OFIR) Assistant Director John Kolhoff; OFIR Deputy Commissioner Roger Little; league Helpline Consultant Jody Dabrowski; and league representative Darl McLean. (Photo provided by the Michigan Credit Union League)
The meeting with OFIR Deputy Commissioner Roger Little and OFIR Assistant Director John Kolhoff was conducted at the league's new Lansing headquarters (Michigan Monitor March 10). League staff requested official guidance regarding the stabilization program and its effect on state-chartered credit unions. OFIR said it will keep MCUL advised and information will be communicated with credit unions promptly as it becomes available. Other topics were addressed to ensure league resources are used in the best way to train, consult and otherwise meet compliance needs of the credit unions, the league said. MCUL is planning a similar meeting with NCUA supervisory examiners in mid-April.


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