Removing Barriers Blog

Small Credit Union Committee Writes to NCUA About Merger Trends
Posted April 11, 2019 by CUNA Advocacy

Given that more than 90% of mergers in 2018 occurred at credit unions under $100 million in assets, the CUNA Small Credit Union Committee wrote to Larry Fazio, NCUA director of the office of examination and insurance, to ask whether the agency has any concerns over the continued loss of small credit unions nationwide.

Following its in-person meeting with Fazio during CUNA’s Governmental Affairs Conference, the group, which tracks issues facing small credit unions and advises the CUNA Board, wrote a letter reiterating the concerns it shared with Fazio in Washington, D.C. 

In addition to consolidation, the Committee applauded the NCUA’s work to study the potential impact of its exam modernization efforts on smaller credit unions, while also sharing that it was overall supportive of that initiative given the potential efficiencies it could create in the exam process. It also wrote about the concerns many small credit unions have with getting ready for the Current Expected Credit Loss standard, and asked whether there might be movement on regulations governing non-member deposits. Read the full letter here.