ALEXANDRIA, Va. (7/19/12)--A list of 10 things credit unions may not know about the National Credit Union Administration (NCUA), as written by NCUA Chairman Debbie Matz, is one of the featured
articles in the July edition of The NCUA Report.
In her monthly article, Matz notes that the agency cannot change NCUA regulations that are required by law or those written by other agencies. Matz also pledges that the NCUA is making every effort to provide regulatory relief to credit unions, and that the NCUA is providing a wide range of assistance to small credit unions.
Also in the issue, board member Gigi Hyland discusses how credit unions can keep their well-earned reputations for customer service intact. ANd in his column, fellow board member Michael Fryzel tells credit unions that it may be time for the agency to better tailor some one-size-fits-all regulations to create a better fit.
Interagency guidance addressing mortgages held by servicemembers and how assumptions about non-maturity shares can impact credit unions' interest rate risk are also addressed in the July NCUA Report.
For the full report, use the resource link.