NAFCU meets with NCUA Chair Hood
NCUA Board Chairman Rodney Hood met with NAFCU President and CEO Dan Berger at the association's headquarters Wednesday to discuss priorities for the agency.
"NAFCU thanks Chairman Hood for his leadership, and for taking the time to discuss regulatory burdens facing the industry and how our member credit unions would like to see them addressed," Berger said. "We look forward to working with Chairman Hood, and NCUA Board Members [J. Mark] McWatters and [Todd] Harper, to ensure credit unions have a regulatory environment that allows them to grow and thrive."
Berger was joined by NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt and Director of Regulatory Affairs Ann Kossachev. From NCUA with Chairman Hood were Sarah Vega and Owen Cole. The group also recently met with Board member Harper.
After being sworn in as chair, Hood identified several issues he plans to address during his tenure, many of which overlap with NAFCU priorities, including:
- reducing regulatory burdens – Hood has said he wants "effective but not excessive regulation";
- modernizing the federal credit union charter;
- addressing cybersecurity issues; and
- creating opportunities for credit unions to serve more communities.
Other regulatory priorities Berger has previously outlined for Hood and Harper include: field of membership reforms, the current expected credit loss (CECL) standard, risk-based capital (RBC), payday alternative loans and more.
The association has also encouraged the agency to expand eligibility for an extended 18-month exam cycle, increase budget efficiency and transparency, and return the National Credit Union Share Insurance Fund's (NCUSIF) normal operating level (NOL) to 1.3 percent as soon as possible.
Add to Calendar 2021-04-20 14:00:00 2021-04-20 14:00:00 A Death in the Family: Working with Deceased Accounts Daniel Defoe was clearly correct when he noted that “nothing is certain but death and taxes.” Fortunately, credit unions don’t have many questions regarding taxes. Death, however, is another issue. Every credit union needs to make sure their operational processes are properly coordinated in the event of a member’s death. From the disposition of deposited funds to the collection of loan balances, is your credit union prepared? This webinar will review the essential elements of successfully navigating the credit union and the member’s family through the deceased member account process. Join industry veteran attorney David Reed as he takes you on a carefully coordinated tour of the process your credit union needs to master to ensure you are honoring the member’s requests, following applicable laws, and not putting the credit union at risk to pay a claim twice. Key Takeaways: Review account notations and declarations Gain a clear understanding of probate Discuss the impact on credit union deposit accounts and loans Walk through deceased account claims and remedies Register Now $295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire team access to the live webinar and on-demand recording until April 20, 2022Already registered? Go to the Online Training Center to view. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Legal Staff Compliance staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Review account notations and declarations. Gain a clear understanding of probate. Discuss the impact on credit union deposit accounts and loans. Walk through deceased account claims and remedies. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Specialized Knowledge – Technical National Association of Federally-Insured Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU firstname.lastname@example.org America/New_York public
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