CUNA Comment Letter

Proposal to Make Technical Corrections and Amend Certain Definitions

VIA E-MAIL: regcomments@ncua.gov

August 20, 2001

Ms. Becky Baker
Secretary to the Board
National Credit Union Administration
1775 Duke Street
Alexandria, VA 22314-3428

RE: Proposal to Make Technical Corrections and Amend Certain Definitions

Dear Ms. Baker:

The Credit Union National Association appreciates this opportunity to comment on the National Credit Union Administration Board’s proposal to amend various rules to make technical corrections and add and revise certain definitions. CUNA represents over 90% of our nation’s more than 10,600 state and federal credit unions.

Under the proposal, the following changes would be implemented, among others:

CUNA agrees with the agency that these changes are timely and commends the Board for proposing amendments that will clarify its rules. In particular, incorporating provisions of the FCU Bylaws and other agency documents to elucidate terms in the regulations is a positive exercise. We strongly encourage the Board to continue looking for ways to clarify and streamline it regulations and policies.

Sincerely,

Mary Mitchell Dunn
Associate General Counsel