June 25, 2014

NAFCU at today's NCUA listening session in L.A.

June 26, 2014 – NAFCU Director of Regulatory Affairs Mike Coleman and Regulatory Affairs Counsel PJ Hoffman are set to attend today's NCUA listening session in Los Angeles, which is expected to cover a range of credit union industry concerns and issues, including risk-based capital.

Carrie Hunt, NAFCU's senior vice president of government affairs and general counsel, discusses today's upcoming session in a brief NAFCU Todayvideo. In her message, Hunt notes the association's ongoing concerns about the risk-based capital proposal and other issues that are emerging, including NCUA's focus on interest-rate risk.

Hunt encourages credit unions to participate in the sessions; NAFCU will attend all three.

"NAFCU welcomes the opportunity for you, our members, to weigh in – in person – with NCUA Chairman Debbie Matz and Board Member Rick Metsger and NCUA staff," Hunt says. "These meetings, including the one being held this afternoon, are a great opportunity for you to tell NCUA directly about the issues that matter to you most."

NCUA has received more than 2,000 comment letters from credit unions and their trades – including NAFCU – on the proposed risk-based capital rule, and NAFCU is continuing its dialogue with the agency in its effort to ensure any final rule is fair for all credit unions.

More than a dozen NAFCU member credit unions are set to take part in today's listening session. NAFCU will keep members apprised of today's session.