NCUA’s Hood hosts Capital Markets Symposium
NCUA Board Member Rodney Hood is hosting a Credit Union Capital Markets Symposium today at the New York Stock Exchange to share insights on industry hot topics, including liquidity risks, the current interest rate ceiling, and use cases for subordinated debt and secondary capital.
The event begins at 11 a.m. Eastern and will be available via livestream.
Commodity Futures Trading Commission Chairman Rostin Behnam, Federal Home Loan Bank of New York President José González, and Federal Home Loan Bank of Atlanta President Kirk Malmberg will present at the symposium.
Additional details on the sessions and speakers can be found online.
Of note, many of these topics were addressed in the NCUA’s 2022 Annual Report. The NCUA Board recently finalized a rule to amend subordinated debt and grandfathered secondary capital regulations to accommodate a longer maximum maturity, and the board is expected to discuss interest rate ceiling issues during its meeting next week.
NAFCU continues to urge the agency to increase or move to a floating ceiling to ensure credit unions can lend effectively in the current interest rate environment. In the wake of recent bank failures, liquidity concerns have been top of mind – the association has a free webinar available on-demand to help credit unions evaluate their institution’s liquidity and other factors.
Growth & Retention
Add to Calendar 2023-09-22 14:00:00 2023-09-22 14:00:00 Understanding Credit Card Portfolio Sales & Agent Programs Both credit union and bank credit card issuers are under intense pressure from various sources, including competitor innovation, significant internal resource commitments, increasing operating expenses, uncertain regulatory and economic environments and a variety of capital and liquidity constraints. This has led to about 80% of all banks offering credit cards under an ‘agent issuing’ model, where a third-party issues credit cards under the financial institution’s name. While hundreds of credit unions do the same, and interest in this option has increased in the last two years, the majority of credit unions still own and manage this product themselves. Deciding whether this option can meet strategic, financial and member needs can be difficult to untangle. In this webinar, Understanding Credit Card Portfolio Sales & Agent Programs, you’ll delve into the structure of such programs, the financial and risk-profile impacts of such a decision, the contractual commitments required of both parties and discover evaluation tips and processes for any credit union that would like to evaluate this path. Key Takeaways Discover the structure of the agent issuing concept and obligations of both parties Understand the financial impact of entering such a program to the balance sheet, income statement, and critical performance ratios Ascertain the impacts to members, including both positive and negative possibilities Review the accompanying contractual structures and key considerations Develop an evaluation process that best protects the credit union’s financial and other outcomes Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until September 22, 2024.Go to the Online Training Center to access the webinar after purchase » Who Should Attend COOs CFOs NCCOs and compliance titles NCRMs and risk titles General counsel staff Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar CPA credit information is below; recommended 1.0 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Senior Associate Director of Education, NAFCU Learning Objectives: See key takeaways Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.0 credits Recommended Field of Study: Regulatory Ethics – Technical About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, DC. 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
Credits: NCCO, NCRM, CPE
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