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
Hood says its prime time to show CU difference
WASHINGTON (3/5/07)—National Credit Union Administration (NCUA) Vice Chairman Rodney Hood Tuesday said the time is ripe for credit unions to demonstrate how different they are from other financial services providers. “Credit unions were not part of the subprime mortgage debacle, I’m proud to report,” Hood said during the general session of the Credit Union National Association’s Governmental Affairs Conference held here. “You’ve placed the needs of members above exotic mortgages,” Hood said, encouraging credit unions to make capital available and affordable “to those who need it most, when they need it most.” Hood also said all credit unions, regardless of size, must adopt enterprise risk management to enhance their balance sheets and remain viable. He announced that the NCUA will host an enterprise risk management summit Aug. 7 in Chicago for smaller credit unions. The NCUA vice chairman also pledged to work the rest of his term to clarify and simplify field of membership (FOM) provisions, declaring that the agency shouldn’t shy away from FOM extensions for community credit unions and underserved areas. In this economic environment, “the risks and challenges are many,” Hood concluded. “So are the opportunities."


RSS





print
News Now LiveWire
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
16 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
18 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
19 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
21 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
22 hours ago