WASHINGTON (2/16/09)--Responding to intense credit union interest in the National Credit Union Administration (NCUA) corporate recapitalization plan, the Credit Union National Association (CUNA) has added a special session on this topic at the front end of the Governmental Affairs Conference (GAC) next week. An update and dialogue session on the NCUA plan led by CUNA President Dan Mica is set for Monday, Feb. 23, from 8:00 a.m. to 9:15 a.m. The program will precede the conference’s opening general session at 9:30 a.m. “We’ve added this special session so we can give the many credit union leaders coming to the GAC the absolute latest information we’ve got on the NCUA plan and afford an opportunity for feedback and discussion,” Mica said. CUNA also has retooled its annual “Hot Exam Issues” GAC breakout session to focus specifically on the NCUA corporate stabilization plan. Moderated by Kathy Thompson, CUNA senior vice president and associate general counsel for regulatory compliance, the Feb. 24 afternoon breakout panel will consist of six key senior staff from NCUA:
* David Marquis, executive director; * Larry Fazio, deputy executive director; * Robert Fenner, general counsel; * Scott Hunt, Office of Corporate Credit Unions acting director; * John Kutchey, Office of Examination and Insurance acting director; and * Owen Cole, Office of Capital Markets and Planning director, and president of the Central Liquidity Fund.
NCUA Chairman Michael Fryzel, Vice Chairman Rodney Hood, and Board Member Gigi Hyland are scheduled to speak during GAC general sessions. They are expected to address the corporate assistance plan in their remarks.