NASCUS and the State System Represented Around the Country in October
November 5 NASCUS Regulators and management traveled the country this past month to collaborate with each other and other supporters of the state system as well to raise awareness of NASCUS priorities. This story features some of the details of this important work.
NASCUS Regulators Participate in Regional Meetings
NASCUS continued its regional regulator meeting series to allow our state credit union regulators to meet in small groups to discuss issues of concern with their peers. State regulators meet at the Federal Reserve Bank of St. Louis on October 1, at the FDIC Regional Office in Atlanta on October 21 and in Saybrook, Connecticut on October 28. The groups discussed legislative and regulators priorities, how to work together to advance NASCUS' initiatives to keep state credit unions strong. The meetings also provided an opportunity to exchange best practices in supervision NASCUS management thanks those regulators who attended these important meetings.
State Regulators Present at Northwest Credit Union League Annual Meeting
NASCUS regulators Linda Jekel (WA) and Janet Powell (OR) presented to attendees of the NWCUA Amplify Convention during a standing-room only session titled, "Exam Issues and Hot Topics." Joining Jekel and Powell were Elizabeth Ellis, Deputy Assistant Director, Consumer Protection Finance Bureau (CFPB) and Elizabeth Whitehead, Director, NCUA Region 5. The panelists provided attendees with comments about what examiners will be focusing on and about expected regulatory changes on both the state and federal levels. Attendees provided their thoughts on recent regulations from both a state and federal perspective, and asked questions about the upcoming regulatory landscape. NASCUS President/CEO Mary Martha Fortney attended the convention as well, interacting with NASCUS credit union members and non-members alike.
Fortney presents at the AICPA's Conference on Credit Unions in Nevada
Mary Martha Fortney, NASCUS President and CEO presented at AICPA's Conference on Credit Unions in late October. Fortney addressed critical issues facing state credit unions and focused on the NASCUS priorities of capital reform, restructuring the NCUA Board, and improving the examination process. Fortney also spent time discussing Director Compensation and state innovation. The AICPA audience, made up of credit union CEOs, internal auditors and directors, was particularly interested in director compensation, derivatives, supplemental capital, and expanding the NCUA Board.
Charles Vice (KY) addresses Risks and Member Service at the Kentucky Credit Union League's Annual Meeting
Charles A. Vice, Kentucky Department of Financial Institutions Commissioner and NASCUS regulator member, spoke to Kentucky's credit unions at the Kentucky Credit Union League's 79th Annual Meeting and Convention in Louisville in October.
Commissioner Vice focused his remarks on members service indicating that in order to stay competitive, credit unions must provide exceptional member service and find was to add value to members' relationships with the credit union. He asked the group to consider what sets them apart from other financial institutions and to be sure that members are aware of the services offered by your credit union. Vice also spent time detailing today's regulatory risks in credit unions such as interest rate risk and cyber security.
The Commissioner concluded his remarks thanking the group for providing great service to Kentucky's communities and for continuing to operate Kentucky's credit unions in a sound and profitable manner.
NASCUS is in Orlando now co-hosting the Annual BSA Conference with CUNA.