Saying that the agency has "failed in its commitment to be transparent'' on its proposal to allow credit unions to prepay their assessments for the corporate credit union rescue, NAFCU on Thursday urged the agency to release all comments submitted.
"We see little benefit to keeping information confidential, especially since NCUA is seeking input on general areas of concern. We would further note such information is important given the voluntary nature of the program and its clear benefit to 'free-riders,'" NAFCU President/CEO Fred Becker wrote NCUA Chairman Debbie Matz.
"In this regard, we strongly believe that credit unions will achieve substantial benefit in their decision making by gaining a better sense of the intentions of other credit unions as to their participation," Becker added.
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