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Keith Stone, president and CEO of The Finest Federal Credit Union in New York, N.Y., is slated to testify on behalf of NAFCU Tuesday before a House Financial Services subcommittee on the process for chartering a new financial institution.

Stone will discuss the process his credit union went through when it received its charter from the NCUA in 2015. He will also discuss with the Subcommittee on Financial Institutions and Consumer Credit the current regulatory burden faced by today's credit unions, the Federal Credit Union Act and governance modernization.

Rescheduled from March 15, Tuesday's hearing, "Ending the De Novo Drought: Examining the Application Process for De Novo Financial Institutions," is slated to begin at 2 p.m.