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NAFCU President and CEO Dan Berger met Thursday with NCUA Chairman J. Mark McWatters on issues of importance to credit unions and efforts the agency is taking to reduce regulatory burden.

Berger thanked McWatters for his leadership in tackling issues such as field of membership (FOM) and member business lending, among others, in an effort to help credit unions thrive in today's regulatory environment.

Also yesterday, the NCUA announced it will be addressing a final rule to further reform FOM rules and a final voluntary mergers rule at its open meeting next week. NAFCU has pushed NCUA's efforts to modernize FOM in order to allow credit unions to serve more consumers; the association believes these efforts fall well within the NCUA's legal purview.

NAFCU continues to meet with key regulators and lawmakers on credit union regulatory relief and other important issues. Earlier this week, Berger met with Senate Banking Committee Chairman Mike Crapo, R-Idaho, and with House Majority Whip Steve Scalise, R-La., to discuss credit union priorities.