CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • 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
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » NCUA’s Harper talks CU issues w/ Carolinas League, CUs
CU System

NCUA’s Harper talks CU issues w/ Carolinas League, CUs

January 16, 2020
HarperCCUL
NCUA Board Member Todd Harper shares his top priorities and focus at the agency. (CCUL Photo)

NCUA Board Member Todd Harper participated in a Credit Union Roundtable hosted by Coastal Credit Union in collaboration with the Carolinas Credit Union League Thursday in Raleigh, N.C.

Coastal CU President/CEO Chuck Purvis and his team were joined by representatives of American Partners FCU, ElectTel Cooperative FCU, Lion’s Share FCU, Local Government FCU, Marine FCU, Members Credit Union, NC Community FCU, Truliant FCU and Weyco Community CU.

In his opening greetings, Harper emphasized, “It’s important to hear the stories of the credit union system. They help inform my decisions as a board member.”

Going around the room, participants not only shared information about their credit unions but also shared stories about how they address the unique needs of their members, sometimes in creative ways, like:

  • Marine FCU’s liaisons, retired Marines who provide on-base financial counseling, teaching young Marines how to budget once they’re discharged for things the Corps provided, like food, transportation and housing;
  • Members Credit Union’s partnership with local schools to provide financial education for students and teachers, including the new student-run branch in Davie County High School, which provides the students with paid internships when they work there.
  • American Partners FCU, which helped an immigrant woman – whose husband abandoned her and their three young children – stay in their home by refinancing her loan. The woman made only $18,000 a year as a school custodian and was paying an $1,100 monthly mortgage. When she sought help from her bank, she found none because she did not have good credit. American Partners found a way to change that loan to a 12-year note with a monthly payment of $400, keeping her family in their home.

Harper shared his priorities, including addressing the subordinated debt rule to get additional sources for risk-based capital and cybersecurity.

During the open dialogue, Harper fielded questions about some modernization issues, among them, ACET, the Automated Cybersecurity Examination Tool; NCUA Connect, the new user portal, and MERIT, the Modern Examination and Risk Identification Tool.

Harper said MERIT would be rolled out in stages following training of NCUA staff. He expressed the hope that it would become similar to a TurboTax process of filing reports.

Members Credit Union President/CEO Bob Donley expressed concern about Current Expected Credit Losses (CECL), stating, “NCUA is the primary user of our data. The loss allowance model we’ve used forever is not the problem.”

Coastal CFO Tami Langton added that the loans, services and aid to low-income members would be negatively impacted because of CECL, perhaps forcing consumers to payday lenders.

Donley agreed, “It’ll keep us from serving the members we were created to serve.”

League President and CEO Dan Schline thanked Harper for making the trip.

“Of what we at the League do, I see creating connectivity with our policy makers, elected officials and regulators as one of our most important focus,” said Schline. “I am thrilled to have the opportunity to make this connection and have Board Member Harper here.”

Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • Reps introduce bipartisan Credit Union Board Modernization Act

  • Compliance: Experts analyze NCUA’s 2023 supervisory priorities

  • CFPB must convene SBREFA panel for credit card fee rulemaking

Tweets by CUNA_News

Polls

How do you feel about the economy in 2023?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and 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

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us