NEWS, EVENTS, PUBLICATIONS & EMERGING ISSUES

SW&M NEWS ARTICLE
June 26, 2007

Styskal, Wiese & Melchione, LLP comments to the NCUA Concerning Proposed Rule 701.3, Member Inspection of Credit Union Books . . .

On June 20, 2007 our office responded to the NCUA's request for comments concerning Proposed Rule 701.3, Member Inspection of Credit Union Books, Records, and Minutes ("Proposed Rule"). Our comments are provided from the perspective of attorneys representing more than 350 federal and state chartered credit unions.

We applaud the NCUA in its efforts to address and improve the standards for member inspection rights and understand the concerns of the NCUA in this area. Even so, we believe that there are certain sections of the Proposed Rule that the NCUA should reconsider.

Read the complete comment letter . . . (PDF Download - 596 KB)

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