Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Branches draw members to join, mobile keeps them happy: @CFIGroup satisfaction index. See #NewsNow http://t.co/RthFQykNBO
12 minutes ago
.@TheNCUA has issued prohibition orders against three individuals. http://t.co/oOjgCGreuz
45 minutes ago
Charities benefit from #creditunions on the links See #NewsNow http://t.co/NobhsozWJx
1 hours ago
Expanded ATM services at branches attractive to members: @CFIGroup. See #NewsNow Friday
16 hours ago
#FinCEN imposes civil money penalty against NJ's BPI money services co. for #BSA violations http://t.co/WnDzOcxdOZ
19 hours ago