WASHINGTON (2/25/13, UPDATED 10:30 a.m. ET)--National Credit Union Administration Chairman Debbie Matz Monday announced her plan for a "new" NCUA, one that will be more responsive to emerging risks, industry challenges and credit unions' needs. She delivered her message in a keynote address today at the Credit Union National Association's 2013 Governmental Affairs Conference.
"We're modernizing and revitalizing NCUA for an industry that is newly vibrant, increasingly complex and rapidly changing," Matz said. "NCUA is reassessing and retooling our business model. The rules of the road that guided credit unions in earlier decades may not meet your needs or your members' needs today. We must stay ahead of the curve."
Regulators, she said, have both a responsibility to protect the industry and to help it grow.
Matz told the audience of more than 4,200 credit union representatives some of the emerging challenges for credit unions include:
She vowed to continue her Regulatory Modernization Initiative and reviewed several major accomplishments, supported by CUNA, in the past year, including:
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