MADISON, Wis. (2/12/14)--More than 40 representatives from Wisconsin credit unions and four officials from the state Office of Credit Unions (OCU) met with their new regional director from the National Credit Union Administration (NCUA).
Effective Jan. 1, Wisconsin credit unions fall under Region I, which is led by Director Larry Blankenberger, for federal supervision. Blankenberger and 19 NCUA examiners listened to insights and concerns from the credit unions at Credit Union House in Madison (The League News Feb. 10).
Blankenberger cited interest rate risk as a top concern of examiners this year. He stressed the importance of having up-to-date policies and ensuring board members are aware of the how and why of risk-management decisions.
Credit union attendees urged NCUA to coordinate with OCU to minimize duplicative reporting and paperwork.
They also shared their vision of Wisconsin's current operating environment:
Other key points raised by the group: