NASCUS Continued Regional Regulator Meeting Series in Atlanta

October 25, 2012 - State credit union regulators from across the southeastern states met at the Atlanta Federal Reserve this past Monday for another of the ongoing Regional Regulator meetings held by NASCUS. The Regional Meetings provide state regulators an opportunity to discuss issues concerning oversight, examination, and the credit union system in a smaller setting.

During the meeting, participants discussed the economic conditions in their states and the corresponding effects on their financial institutions. According to Brian Knight, NASCUS' Senior Vice President and General Counsel, the consensus of the group was that "they are seeing improving conditions for their state charters but the system is not out of the woods yet."

Issues related to examination and supervision and coordination with the National Credit Union Administration (NCUA) were also discussed, as were published or anticipated proposed rule changes affecting state-chartered federally insured credit unions. The group also discussed emerging risks within the system such the increasing use of bank owned life insurance products. The meeting also provided an opportunity for an exchange of best practices between the states.

For more information on the NASCUS Regional Regulator Meetings, please contact Jenny Champagne at jenny@nascus.org.

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