Fundamental Flaws with NCUA's Proposals Dec 15. 2010 | Comments (0)
The recent proposals by NCUA for Corporate participation of credit unions, extended oversight of private enterprise, the so called "Fair Share" Corporate Assessment, increases in wages for government employees, increased spending on oversight and Premium Assessments of NCUSIF are fundamentally flawed on every level and will only produce a restrictive, competitive environment that is barred by regulations and premium assessments. The recent proposals are an extreme overstepping of reguliatory oversight, which if unchecked have all the appearances of creating a monopoly run by NCUA.