Support voiced for appeals changes (and some refinements)

Aug. 8, 2017 -- Noting that proposed changes to its appeals process would “introduce consistency to the now varied processes” for credit union appeals over NCUA regulatory determinations to the agency board, NASCUS voiced support for the changes – and some “suggestions for refinement.” In a comment letter, NASCUS suggested that:

  • NCUA include an explicit provision establishing regular publication of the appeals process results;
  • Codify the process under the section of NCUA rules affecting federally insured, state-chartered credit unions (FISCUs) – Part 741 – so that the state-chartered credit unions “would know where to look for them.”
  • Copy state regulators on all appeals involving FISCUs.

NASCUS Comments: Appeals procedures