April 03, 2014

Metsger, at CEOs Conference, talks risk-based capital, financial literacy

April 4, 2014 – NCUA Board Rick Metsger talked to credit union CEOs and senior executives Thursday about the agency's risk-based capital proposal during a morning session on the final day at NAFCU's CEOs and Senior Executives Conference Thursday in Charleston, S.C.

Metsger, up on stage with NAFCU President and CEO Dan Berger and Senior Vice President of Government Affairs and General Counsel Carrie Hunt, told conference attendees that his agency is taking credit unions' comments on the proposed rule into careful consideration.

In other comments, Metsger discussed the importance of having a uniform approach to financial literacy education, the focus of National Financial Literacy Month, underway now.

Attendees also heard from Jacob Olcott, former lead negotiator on cybersecurity legislation for Senate Commerce Chairman John Rockefeller IV, D-W.Va., on the latest cybersecurity threats facing the industry. Also, Fannie Mae Senior Vice President and Chief Economist Douglas Duncan spoke on the economic forecast and how current economic trends are affecting credit unions. Duncan specifically focused on how the economy can impact loan and deposit volumes, credit quality and fee income.