CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » NCUA Chairman Rodney Hood visits Indiana League
CU System

NCUA Chairman Rodney Hood visits Indiana League

July 31, 2019
HoodInd
From left: Indiana League SVP Governmental Affairs Chris Beaumont; Purdue FCU President/CEO Bob Falk; Indiana League President John McKenzie; Indiana League SVP League Services & Regulatory Analysis Joe Guilfoy; Elements Financial FCU EVP Lending & Sales Ron Senci; NCUA Chairman Rodney Hood; Interra CU CEO Amy Sink; Encompass FCU CEO Matt Lambert; Members Source CU Board Member Chuck Donovan; Afena FCU President/CEO Karen Madry; Via CU President/CEO Dave Abernathy; Hoosier Hills CU President/CEO George McNichols; Indiana University CU President/CEO Bryan Price. (Indiana Credit Union League photo)

NCUA Chairman Rodney Hood was at the Indiana Credit Union League office Monday to visit with several members of the League board of directors, members of its Governmental Affairs Committee and senior management.

Hood, who also spoke to the National Urban League Conference in Indianapolis about credit union small business lending while he was in town, commented that he appreciated the chance to hear directly from credit union leaders who are serving their members every day.

He talked to the group about his top priorities like regulatory relief, support for member business lending, cybersecurity, facilitating innovation within the agency and in credit unions, providing current expected credit loss (CECL) guidance and assistance, helping credit unions serve the underserved and  continuing strong credit union capital adequacy through a more holistic approach to capital requirements.

“It was a pleasure to host Chairman Hood and to provide a dialogue between him and Indiana credit unions,” said League President John McKenzie. “We appreciate his emphasis on making regulations effective without being excessive and we support NCUA’s recent action to delay its risk-based capital rule as well as its proposed rule on public unit and non-member shares.”

Hood told the group that he appreciates the need to balance the NCUA’s role of ensuring credit unions are operating in a safe and sound manner with the opportunities to provide credit unions with a regulatory environment that encourages growth and enhances their ability to serve all of their members, including those who are underserved by the rest of the financial services marketplace.

He commented that credit unions can play a critical role in providing fuel for economic development through small business lending and can effectively serve the underserved through innovations in technology and product development.

The dialogue offered credit union representatives the chance to talk with Hood about several topics, including the need for simplifying Bank Secrecy Act/Anti-Money Laundering laws and regulations, the nature of the relationship between NCUA and the Consumer Financial Protection Bureau, the importance of NCUA’s efforts surrounding low-income credit union designations and other issues on their minds. 

KEYWORDS ncua
Credit Union Magazine - Spring 2021

Spring 2021

Credit Union Magazine’s Spring 2021 edition features CUNA's 2021 advocacy agenda, strategic planning guidance, and labor market insights.
Digital Edition •  Subscribe

Trending

  • Cheryl Deborde named Credit Union Hero of the Year

  • PCA flexibility coming soon from NCUA

  • CFPB proposes delayed effective date for recent debt collection rules

Tweets by CUNA_News

Polls

How have vaccination efforts affected your remote work policy?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors