ARLINGTON, Va.—NAFCU is asking NCUA for a meeting to discuss the agency’s timeline for making refunds to credit unions from the Temporary Corporate Credit Union Stabilization Fund.
NCUA has said previously that 2021 is the earliest that credit unions could receive a refund, but NAFCU said it believes NCUA’s recent statements and actions open up the possibility that some refunds could occur before that date.
In a letter from NAFCU’s board of directors, NAFCU invited NCUA Chairman Rick Metsger to join them at their upcoming board meeting Nov. 29 at NAFCU headquarters or to participate in a conference call “at your earliest convenience.”
“Our goal is for NCUA and the NAFCU board of directors to work together to develop solutions that benefit all credit unions,” NAFCU stated.