NCUA Opinion Puts An End To 'Householding' Of Statements.(National Credit Union...

In a decision that could be costly for some credit unions, especially smaller ones, NCUA said that federally insured credit unions may not combine member statements from a single family in the same envelope because of privacy concerns.

The new legal opinion formally bans so-called householding, a practice many credit unions have adopted over the years to save costs on mailing and postage.

But Carolyn Warden, longtime credit union examiner and manager who requested the legal opinion on behalf of her current employer FedComp, hailed the ruling as one t