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April 16, 2008 - Representatives from 38 state agencies and the National Credit Union Administration (NCUA) met in Tampa, Florida this week for the annual NASCUS/NCUA National Regulators Meeting, April 13-15, 2008.
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NCUA Board member Gigi Hyland, NASCUS Chairman George Reynolds (GA) and NASCUS President and CEO Mary Martha Fortney review discussion topics generated from small state regulator breakout groups on April 14. (NASCUS photo) |
NCUA Board members, regional directors, and senior staff, state regulators and NASCUS management spent three days discussing national policy issues, compliance and examination challenges and the economic outlook for credit unions. The National Regulators Meeting is a valuable opportunity for regulator-to-regulator dialogue on the timeliest topics affecting regulators and credit unions. The meeting also featured opportunities for discussion by region and for state regulator only sessions.
“The annual NCUA/NASCUS National Regulators Meeting is an excellent venue that brings state and federal regulators together to discuss today’s relevant issues,” said NCUA Board Member and NASCUS Liaison Gigi Hyland. “It is vital that state and federal regulators seize every opportunity to share information, ideas, concerns and their perspectives. I believe communication between NCUA and state regulators is a critical element in maintaining a safe, sound credit union system.”
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Left to right, Carlton Hoskins, NCUA Senior Policy Advisor, NCUA Vice Chairman Rodney Hood and Randy Duncan from the Kentucky Office of Financial Institutions share dialogue during the NCUA/NASCUS National Regulators Meeting. (NASCUS Photo) |
“The economic and operational challenges facing today’s credit unions require state and federal regulators to maintain active communication in order to react appropriately to pressing examination and supervision issues,” said NASCUS Chairman George Reynolds, senior deputy commissioner of the Georgia Department of Banking and Finance. “It is also critical that state and federal regulators maintain an open dialogue to ensure that state and federal examiners are appropriately assessing risk to the insurance fund. Opportunities for dialogue like the National Meeting allow for this important communication to continue between regulators on a national basis.”
Discussions on national policy issues will continue between NASCUS state regulators and NCUA at the Interagency Dialogue scheduled during the NASCUS State System Summit, August 22 in Seattle, Washington.
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