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NCUA Should Provide Additional PCA Relief

Authored By: Lewis Wood on 5/6/2022

CUNA called on the National Credit Union Administration (NCUA) this week to provide additional prompt corrective action (PCA) relief that would help credit unions remain operational in the wake of the COVID-19 pandemic.  

“Since we continue to find ourselves in a unique and unprecedented situation given the ongoing pandemic, it is imperative that the agency provide additional flexibility regarding credit union capital,” the letter says. 

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