Northwest Credit Unions Urged to Continue Feedback to NCUA

The NCUA’s June 26 Listening Session in Los Angeles presents the next opportunity for face-to-face dialogue with regulators about the proposed Risk-Based Capital Rule, or any other pending concerns credit union executives have.

The regulator received a record number of comment letters on the proposed rule by last Wednesday’s deadline for official letters to be submitted, however, the NCUA board and staff will still accept unofficial letters and in-person comments and questions.

“We encourage Northwest credit unions to come to the table,” said John Trull, director of regulatory affairs for the Northwest Credit Union Association. “We’ve seen credit unions make a difference in the past by coming to Listening Sessions and candidly sharing their concerns.”

“My previous Listening Sessions led to regulatory relief and streamlined examination reports,” said NCUA Chairman Debbie Matz. “We are looking forward to another productive series of face-to-face meetings with credit union officials and stakeholders.”

Trull noted two additional Listening Sessions are planned for later in the summer – July 10 in Chicago and July 17 in Alexandria, Virginia.

NCUA Board Member Rick Metsger will be in the Northwest June 10 for a meeting hosted by a Washington credit union. While attendance is not open, Trull invited credit unions to email him with any questions or concerns by June 9, and he will share a report at the meeting.

The timeline for a final rule is late fall through early 2015. The NWCUA’s online resource guide has videos, sample letters and other assets to help credit unions prepare for communication with the NCUA.

 

Questions about this story? Contact Lynn Heider: 503.350.2225, lheider@nwcua.org.

Posted in Advocacy News, Federal, NCUA.