Newsroom
NAFCU Board meets with Fed's Bowman, NCUA's Hood today
The NAFCU Board of Directors today is set to meet with Federal Reserve Board Governor Michelle Bowman, who has experience working with community banking institutions, and NCUA Board Chairman Rodney Hood to advocate directly on issues affecting the credit union industry.
The NAFCU Board of Directors consists of credit union volunteers and management from across the country who are dedicated to maintaining an association that is in touch with and responsive to the needs of the membership.
"I am proud to serve on NAFCU's Board, as these high-profile meetings are a testament to NAFCU staff's hard work to make sure credit unions are directly connected to key influencers and policymakers," said NAFCU Board of Directors Chair Jeanne Kucey. "Advocating for our industry's needs is critical if we expect to advance policies that will help us thrive, and no one is better at it than the team here at NAFCU. We thank Federal Reserve Board Governor Michelle Bowman and NCUA Board Chairman Rodney Hood for meeting with us and recognizing the value that stems from these engagements."
NAFCU President and CEO Dan Berger, Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Chief Economist and Vice President of Research Curt Long, and several other staff members will also attend today's meetings.
The NAFCU board meets annually with Federal Reserve Board members to share the association's Annual Report on Credit Unions, which details the latest issues and trends affecting credit unions and the impact of Fed actions. Today's meeting allows credit union leaders to discuss industry priorities and credit unions' use of Fed services to meet members' needs. A copy of the 2019 report will be sent to NAFCU members following the meeting.
While meeting with Hood, NAFCU board members will share feedback on how the NCUA's rulemakings and priorities are affecting their institutions and what issues credit unions would like addressed. Hood is leading efforts to ensure diversity, equity, and inclusion at the agency and within the industry as a whole. The agency is also working on cybersecurity, strengthening credit unions' small business lending, reducing regulatory burdens, modernizing exams and field of membership rules, and more.
Stay tuned to NAFCU Today for detailed recaps of today's meetings.