Matz Advocates Streamlining the Community Charter Expansion Process

NCUA Chair Debbie Matz stated that she will seek approval to streamline the process for federal credit unions to obtain approval for community charter expansion requests. Currently, federal credit unions serving communities with more than 1 million residents must obtain approval from the NCUA board. Matz wants to allow these credit unions to receive approval from the Office of Consumer Protection, which could shorten the process by about two months. Denials could be appealed to the Board. [9/18/15]