Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Matz addresses FFIEC rate risk in interview
ALEXANDRIA, Va. (4/25/11)—National Credit Union Administration (NCUA) Chairman Debbie Matz last week said she will work to restore “the responsibility and accountability in our financial system” during her term as leader of the Federal Financial Institutions Examination Council. Matz in an interview with CU Broadcast added that she is “honored to serve and establish the credit union industry as a larger part of the overall big picture of the financial industry.” Matz added that she has already “initiated discussions with the different sub-committees on how the FFIEC will address the many challenges now facing consumers and the financial services industry.” The NCUA Chairman took charge of the FFIEC, which promotes uniformity in financial institution regulation, on March 4. She is the first credit union representative to lead the group in over 20 years. The agency’s interest rate risk proposal was also discussed during the interview. The proposal, which was released last month and is open for comment until May 23, would require credit unions to develop a written policy on interest rate risk and to create their own interest rate risk management programs. The NCUA leader said that credit unions must establish these interest rate risk policies “to remain profitable.” “It’s extremely important credit unions remain proactive about interest rates right now because eventually interest rates will rise from today’s historic lows,” she added. Matz also addressed the agency’s NCUA-Safe public awareness campaign, the recently announced financial literacy grants, and the launch of its MyCreditUnion.gov website. For more on the interview, use the resource link.
Other Resources

RSS print
News Now LiveWire
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
10 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
14 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
14 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
15 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
15 hours ago