As the NCUA moves into a new era of governance, CUNA President/CEO Jim Nussle said Thursday that it is crucial that the agency continues to address and respond to credit union concerns. NCUA Chair Debbie Matz will no longer be with the agency as of April 30, and board member J. Mark McWatters awaits confirmation of his nomination to the board of the Export-Import Banks.
In an op-ed published Thursday, Nussle wrote, “As the NCUA marches into a new era of governance, it is critically important that board members and staff continue to work on the issues of concern to credit unions. There are many matters we believe must be addressed by the agency, with or without a full board.”
First and foremost, Nussle wrote, the NCUA should make an extended examination cycle a top priority. Nussle said he appreciated McWatters’ recent comments supporting the timely implementation of an 18-month examination cycle.
CUNA also urged the NCUA to work more closely with state regulators, as better coordination between the two entities would reduce burdensome overlap.
Other NCUA actions encouraged by CUNA include:
“We have and will continue to work with the NCUA on these important matters in the weeks and months ahead, regardless of board size,” Nussle wrote. “We’re confident the board will continue to function given its history of acting with less than three members.”