Governor, lawmaker, NCUA chairman highlight Summit
Aug. 23, 2016 -- Views from state, congressional and NCUA top levels will be delivered at the NASCUS State System Summit, Oct. 5-7, as a governor, member of Congress and the top federal regulator of credit unions address the audience of state system players in Chicago.
The NASCUS State System Summit – the only annual event for the nation's state credit union system brings together credit union regulators and practitioners for mutual exchange and dialog. The three-day event will be headquartered at the Westin River North Hotel in Chicago.
Illinois Gov. Bruce Rauner (R) is scheduled to kick off the program on Wednesday (Oct. 5) with a special greeting. The 42nd governor of the state, Rauner was sworn into his first term last year, focusing on taxpayer value, jobs, education, and term limits and accountability in state government.
Rep. Randy Hultgren (R-Ill.) is also scheduled to speak on the opening day. A three-term member of Congress from the 14th congressional district of Illinois, Hultgren is a member of the House Financial Services Committee, and serves on the subcommittees for capital markets and government-sponsored enterprises, and oversight and investigations.
NCUA Board Chairman Rick Metsger – who is scheduled to speak Thursday (Oct. 6) -- assumed that role in April, becoming the ninth chairman of the agency board, having served as a member of the panel since 2013 (and vice chairman since 2014). Since becoming chairman, Metsger has pursued a review of the agency’s exam and supervision process. Dubbed the “Exam Flexibility Initiative,” recommendations are expected to be delivered to the NCUA Board at its meeting Sept. 15 – three weeks before the NASCUS Summit.
In addition to the remarks from the three policymakers, the Summit will specifically address a number of other topics, including: the Current Expected Credit Loss (CECL) accounting standard, the growth of “FinTech” as a competitive force to credit unions, the new face of commercial lending in light of new NCUA rules and regulations, outlook for the November elections, and more.