Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNA Brings CU Issues To Newest NCUA Board Member
ALEXANDRIA, Va. (10/21/13)--Potential risk-based net worth requirements, containing corporate stabilization fund assessments and general agency budget issues were on the agenda when the Credit Union National Association met with new National Credit Union Administration board member Richard Metsger on Friday.

CUNA President/CEO Bill Cheney said the discussions were candid and productive. "We are confident that board member Metsger will ensure that credit unions' concerns will be fully considered, as well as reasonable agency safety and soundness needs when the board makes policy decisions," he added.

CUNA staff at the meeting included Cheney, General Counsel Eric Richard, Deputy General Counsel Mary Dunn, and Executive Vice President for Strategic Communications Paul Gentile. Also in the meeting was NCUA Deputy Director of Examinations and Insurance Dave Shetler, who is acting as Metsger's advisor on a temporary basis until a candidate is selected to fill the position permanently.

Other meeting topics included:
  • Minimizing oversight of credit union service organizations;
  • Emergency liquidity resources;
  • Examination and appeals process issues;
  • The agency's proposal on derivatives; and
  • NCUA's proposal on charitable donation accounts.
CUNA is pursuing all of these issues and others with the agency to point out concerns and seek improvements to benefit credit unions without undermining safety and soundness. CUNA will continue to advance recommendations to the agency on all of these issues, CUNA's Dunn said after the Friday meeting.


RSS





print
News Now LiveWire
.@nytimes reports Sen. Harry Reid, Senate Democratic leader since 2005, will not seek re-election next year,
45 minutes ago
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
11 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
11 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
14 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
17 hours ago