Northwest Delegation Heads to NCUA Listening Sessions

A delegation of nine credit union leaders will join Northwest Credit Union Association President and CEO Troy Stang, and John Trull, Director of Regulatory Affairs, Thursday at the summer’s first Listening Session hosted by the National Credit Union Administration.

The series of Listening Sessions was scheduled by NCUA Chair Debbie Matz as “an opportunity for NCUA Board members and senior staff to hear directly from credit union officials about how we can further improve regulations, the exam process, and any other NCUA initiatives.”

The NCUA’s proposed Risk-Based Capital Rule is expected to be a major focus of dialogue.

“Based on the incredible written response of credit union advocates around the nation, the Association believes that the NCUA will make a number of significant changes,” said Trull.

The NCUA board has indicated that it will likely extend the implementation period, address issues with the individual minimum capital requirements, and make significant revisions to a number of risk weights including member business lending, mortgages, and CUSO investments.

“However there is still a lot of work to be done and credit unions advocates have a right to hear, if and how, the board will address concerns in the final rule,” Trull said.

The Northwest delegation includes representatives from credit unions in small, medium and large asset-sized categories. In addition to Stang and Trull, Northwest attendees will include:

  • Debie Keesee-Spokane Media FCU
  • Karen Zerger-Rogue CU
  • Jeanne Pickens-Rogue CU
  • Tom Griffith-Pacific NW FCU
  • Greg Mitchell-First Tech FCU
  • Phillip Campbell-First Tech FCU
  • Randy Goshow-St. Helens Community FCU
  • Brooke Van Vleet-St. Helens Community FCU
  • Richard Hein-OSU Federal

Thursday’s Listening Session is taking place in Los Angeles, while the others are scheduled for July 10 in Chicago and July 17 in Alexandria, Virginia.

Posted in NCUA.