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March 27, 2017

ECU Monitor survey responses due April 3

Credit unions' responses to a NAFCU survey on Military Lending Act issues and the NCUA's regulatory priorities for 2017 are due April 3.

The Economic & CU Monitor survey focuses on how the MLA has affected credit unions and whether the MLA compliance burden has caused a reduction in member services. The survey also asks respondents to rank the NCUA's 15 top regulatory priorities in terms of their importance to credit unions.

Last month's Monitor survey noted that a significant number of credit unions continue to participate in the secondary mortgage market, with more than half of respondents selling mortgage loans to Fannie Mae, Freddie Mac or both.

NAFCU relies on survey participation to provide its members a glimpse of trends affecting the credit union industry as a whole. Survey results are also used in NAFCU's advocacy efforts on Capitol Hill and with regulatory agencies such as the NCUA, the CFPB and the Federal Reserve.