NWCUA Regulatory Advocacy Update: NWCUA Members to Be Heard at Final NCUA Listening Session

Northwest Credit Union Association (NWCUA) President Troy Stang will join several Northwest credit union executives in attending the final Region V National Credit Union Administration (NCUA) Listening Session.

Scheduled for 1-4 p.m. at the Four Seasons Hotel in Denver, Colo., the session will feature roundtable discussions, with each table identifying top issues to address with senior staff. NCUA Chairman Debbie Matz and Regional Director Elizabeth Whitehead will join other NCUA staff in leading the event.

The NCUA seemed receptive to input, according to Kathie Philp, president and CEO of Pacific Crest Federal Credit Union, who attended the previous listening session in San Diego on July 10.

“I would like greater agency transparency with the new National Supervisory Policy Manual (NSPM), and would like Documents of Resolution (DORs) to be cited to statute, not to perceived best practices,” Philp said.

Additional topics that are sure to be discussed at the final meeting include improving the examination process, simplifying the member business lending (MBL) waiver process, and issues with the allowance for loan loss (ALL) methodology.

Jack Fallis, president and CEO of Global Credit Union and chairman of the NWCUA Regulatory Advocacy Committee, urged regional participation at the final NCUA Listening Session.

“We must continue to offer guidance and demonstrate leadership in this heightened regulatory environment,” Fallis said. “Advocacy will focus on responsible regulatory reform that will reduce burdens on credit unions as well as on addressing future challenges.”

Registration for the session is available online and is open to the first 150 registrants. Credit union professionals who are unable to attend are invited to e-mail comments to NWCUA Director of Regulatory Advocacy John Trull at jtrull@nwcua.org before close-of-business on Wednesday, July 25. Stang will deliver comments on behalf of member credit unions at the meeting.  

 

The NWCUA Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. The Association encourages members to participate in the regulatory process. If you have any questions on these or any regulatory issues, please contact Director of Regulatory Advocacy John Trull at jtrull@nwcua.org, or at 503.350.2209.

Posted in Advocacy News, Around the NW, Events, NCUA, NWCUA.