March 3, 2022 — The week-long Credit Union National Association’s Governmental Affairs Conference (CUNA GAC) is an event of learning, networking, and collaboration. This combination of partnership and cooperation couldn’t be more evident as the NASCUS Joint Leadership team of state regulators, credit union leaders, and staff met with industry partners this week.
On the schedule this week, the NASCUS Regulator Board of Directors, Credit Union Advisory Council, and staff gathered in separate discussions with NCUA Chairman Todd Harper and NCUA Vice Chairman Kyle Hauptman to share priorities and consult on supervisory issues as well as emerging risks related to the credit union system.
“While NASCUS is in regular communication with our members, our peers, and system stakeholders, it is nice to meet in-person with our partners and colleagues,” commented NASCUS President and CEO Brian Knight.
Additionally, NASCUS held a series of efficacious meetings with various industry partners throughout the week, including the CUNA Mutual Group, NACUSO, NAFCU, and AACUL.
Topics covered include:
- Changes to the Community Development Financial Institution (CDFI) process
- Issues related to the inclusion of climate risk in enterprise risk management
- Field of membership reform and Innerstate Branching
- The need for coordination in the development of regulation and supervision pertaining to digital assets
- CUSO advancements in FinTech
- The cybersecurity threat landscape, and more
NASCUS also discussed the uncertain future of ODP/NSF programs and fees and complications related to policy issues.
NASCUS is dedicated to working with all industry partners to ensure a safe and sound credit union system. Events such as the CUNA GAC are essential, as they provide a stage for learning, extensive issue remediation, and collaboration.