As member-focused institutions, Ohio’s credit unions strive to help all members meet their financial goals, including homeownership. That’s why your League remains attentive on federal rulemaking involving mortgage lending to ensure credit unions have enhanced flexibility to better serve homebuyers. Recently, we submitted written comments to the National Credit Union Administration (NCUA) supporting the agency’s proposed residential real estate appraisal threshold increase from $250,000 to $400,000, providing parity with the banks and encouraging valuation flexibility. We argued that in doing so, NCUA will help address the challenges associated with market scarcity of appraisers and further empower credit unions in managing individual lending and risk mitigation priorities. To learn more, make sure you read the entire comment letter the League sent NCUA. If you have questions or would like additional information on the proposed residential real estate appraisal threshold, please contact the League’s Senior Vice President of Advocacy Emily Leite.