NASCUS executives meet with NCUA Board Member Harper

April 23, 2019 – State credit union system priorities including capital reform, liquidity, Modern Examination and Risk Identification Tool (MERIT), cybersecurity, access to appraisers and more were all topics brought to the table with new NCUA Board Member Todd Harper by NASCUS executives Monday.

MERIT is NCUA’s new examination platform that will permit credit unions and state examiners to interact and share information with NCUA. NASCUS has been engaged with NCUA during the platform’s development and most recently provided feedback during the NASCUS National Meeting held earlier this month. 

In an hour-long meeting, NASCUS President and CEO, Lucy Ito, and NASCUS Executive Vice President and General Counsel, Brian Knight also heard Harper's own regulatory philosophy. He utilized the acronym "FIRE":

  • Fair and forward looking; 
  • Innovative, inclusive, and independent; 
  • Risk focused and ready to act quickly; and 
  • Engaged with all stakeholders to develop effective, but not excessive, regulation.

“We thank Board Member Harper for his time and attention so early in his tenure on the NCUA Board,” said Ito. “We particularly appreciate the open exchange and mutual spirit of partnership expressed during the meeting and look forward to future dialogues.”

Harper joined the NCUA Board earlier this month after being confirmed by the Senate; he attended his first meeting in his new position last week.