Reg relief top goal for new NAFCU chair
NAFCU Board Chair Jeanne Kucey told Credit Union Journal that regulatory relief is her top goal: "We need to roll back some of the burdensome regulations so credit unions can do their real work – leading their members down the road to prosperity."
Kucey, president and CEO of JetStream Federal Credit Union (Miami Lakes, Fla.), was elected as NAFCU's chair at the association's Annual Conference in June. She has served on the board since 2011 in a variety of roles including board secretary, treasurer and vice chair.
In the feature on Kucey's new role, she explained that smaller credit unions, such as the $200 million-asset JetStream, feel the brunt of regulations because they have fewer resources to spend on compliance staff. Many rely on NAFCU's compliance team for assistance and said she appreciates NAFCU's "laser focus on advocacy, compliance and education."
Known as the credit union industry's Washington Watchdog, NAFCU is focused on creating a regulatory environment that allows credit unions to grow. The association's 2018 advocacy priorities can be found here; it is currently leading the effort to obtain relief under the NCUA's risk-based capital rule.
To read Kucey's feature in Credit Union Journal click here.
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