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Member Roundtable held at the NCUA…more to come in 2015.

Mon, Dec 8, 2014

Washington, District Of Columbia

Member Roundtable held at the NCUA…more to come in 2015.

On Friday, December 5, more than 25 CEO and other representatives of member credit unions (including  a few of our CU colleagues from VA) participated in a Roundtable discussion at the NCUA with Chairman Debbie Matz, Vice-Chair Rick Metsger and agency senior staff in Alexandria, VA.  Similar to our recent member Roundtable at the CFPB, the meeting goal was both a relationship building opportunity and a forum to openly discuss issues of concern and shared responsibility by the agency and the industry.  

As the most important issue currently facing the industry, the Roundtable lead off with a discussion of Risk-Based Capital and the time line for a Board vote on the amended regulations (Jan. 15).  We also touched on the official 90-day comment period which will follow beginning sometime in Feb. after the regulations are printed in the federal register. Additional topics discussed included:

Interest Rate Risk (IRR);

Enterprise Risk Management (ERM);

Data Security;

NCUA Budget;

compliance issues; and

General communications moving forward.

The exchange with Chairman Matz and her senior team as well as the second half of the Roundtable with Vice-Chair Metsger and his senior advisor was a positive forum for mutual dialogue.  As the advocacy team looks ahead, we will work to schedule additional member-lead Roundtables and other forums of interest to include Matz, Metsger and Board Member Mark McWatters who was unable to participate on Dec. 5 due to a scheduling conflict.

As with our ongoing communications with our delegation on Capitol Hill, it’s important for the association and its members to be engaged, show the flag and when schedules allow, participate in forums such as Roundtables in which, members of Congress, staff and agency regulators can hear directly from CU’s representatives, about concerns and issues facing the industry.

As we sled into 2015, look for additional meetings, Roundtables and forums of interest at the NCUA as well as with the CFPB, MD Division of Financial Regulation, Capitol Hill, DC City Council and the Statehouse in Annapolis (Mark your Calendar: Association-hosted Maryland Legislative Reception in Annapolis, Tues., Feb. 10, @ 5:30 pm - more details to follow).    

For more information contact: Glen Cooney, VP, Advocacy & Legislative Affairs / 443-325-0775 / gcooney@mddccua.org