NASCUS’s Credit Union and Regulator Engagement (CURE) meeting is an open forum for credit unions with $1 to $9 billion in assets to collaborate with state regulators and industry experts on issues facing the state system. This two-day virtual meeting will take place on October 17, 1:00-4:00 pm EST and October 18, 1:00-3:30 pm EST
Registration is by invitation only
This collaborative meeting is a peer-based exchange of ideas, perspectives, and best practices and will feature discussions with:
- PhD Economist and Technologist, Lamont Black will discuss digital transformation, artificial intelligence, and where technology is going as crypto winter approaches.
- Davis Wright Tremaine LLP’s Branford Hardin and Jake Freed will review litigation trends and the possible future for the CFPB.
- The Honorable Rodney Hood highlights the future of the credit union movement.
- Corporate Central’s Kevin Chiappetta will talk about liquidity pressures and balance sheet management during the ongoing economic dislocation caused by high interest rates, inflation, and deterioration of household finances.
Additionally, NASCUS will provide updates on the regulatory and supervisory landscape post SVB. We will have time for an open forum roundtable discussion among the meeting participants, as well.
Questions: Please contact Brian Knight, President/CEO, NASCUS
The CURE is a collaborative event sponsored by the NASCUS Dual Charter Resources Initiative (DCRI). The DCRI is a partnership between the state system and key organizations within the credit union system committed to strengthening the state credit union charter by pursuing progressive legislation and regulation, building relationships to foster charter innovation, guarding against unnecessary federal pre-emption and expanding awareness of options available to state-chartered credit unions.
NASCUS’s Credit Union and Regulator Engagement (CURE) meeting is an open forum for credit unions with $4 to $10 billion in assets to collaborate with state regulators and industry experts on issues facing the state system.
This two-day virtual meeting will take place on
- Monday, November 28, 2022: 1:00 – 3:30 pm
- Tuesday, November 29, 2022: 1:00 – 4:00 pm
*All times are EST.
This meeting is a peer-based exchange of ideas, perspectives, and best practices around topics such as
- Internal controls and fraud trends
- State and federal perspectives on the future of regulation and supervision, with the NCUA
- Litigation trends
- Upcoming issues and priorities
- Roundtable discussions and more
The CURE is a collaborative event sponsored by the NASCUS Dual Charter Resources Initiative (DCRI). The DCRI is a partnership between the state system and key organizations within the credit union system committed to strengthening the state credit union charter by pursuing progressive legislation and regulation, building relationships to foster charter innovation, guarding against unnecessary federal pre-emption and expanding awareness of options available to state-chartered credit unions.
NASCUS’s Credit Union and Regulator Engagement (CURE) meeting is an open forum for credit unions with $4 to $10 billion in assets to collaborate with state regulators and industry experts on issues facing the state system.
This two-day virtual meeting will take place on
- Monday, November 28, 2022: 1:00 – 3:30 pm
- Tuesday, November 29, 2022: 1:00 – 4:00 pm
*All times are EST.
This meeting is a peer-based exchange of ideas, perspectives, and best practices around topics such as
- Internal controls and fraud trends
- State and federal perspectives on the future of regulation and supervision, with the NCUA
- Litigation trends
- Upcoming issues and priorities
- Roundtable discussions and more
The CURE is a collaborative event sponsored by the NASCUS Dual Charter Resources Initiative (DCRI). The DCRI is a partnership between the state system and key organizations within the credit union system committed to strengthening the state credit union charter by pursuing progressive legislation and regulation, building relationships to foster charter innovation, guarding against unnecessary federal pre-emption and expanding awareness of options available to state-chartered credit unions.
(Oct. 1, 2021) Payments systems, digital currencies, transition by large credit unions to specialized oversight by NCUA, the evolution of mortgage servicing in the wake of the Great Recession, and climate change were all topics for discussion between larger credit unions and state regulators at the first Credit Union and Regulator Engagement (CURE) event this week.
Sponsored by NASCUS and made possible, in part, by the Dual Charter Resource Initiative (DCRI), the inaugural CURE event brought together 28 credit union leaders, regulators and others from several states (including California, Iowa, Illinois, New York, North Carolina, Oregon, Washington and Wisconsin).
Participants attend by invitation only; leaders of state-chartered credit unions with assets of $4 billion – $10 billion are eligible to be invited.
Speakers at the inaugural CURE event included: Dr. Nina Chen, New York State Department of Financial Services director of sustainability and climate initiatives; Chuck Cross, CSBS SVP of nonbank supervision and enforcement section; Diana Dykstra California/Nevada Credit Union Leagues president and CEO; Dan Gonzalez, Federal Reserve Bank of Chicago vice president; Scott Hunt, director, NCUA Office of National Examinations and Supervision (ONES); Sharmynn Powell, Eastern Caribbean Central Bank chief risk officer; Meredith Ritchie, Alliant Credit Union SVP, general counsel and chief ethics and government affairs officer, and and Ken Schaafsma, Alliant Credit Union chief risk officer.
“The group was highly engaged in the topics at hand, as well as with each other,” said NASCUS’ Ito. “It was terrific to see differing points of view being brought to the table to better the industry.”
She said, for example, the group worked together to consider potential issues associated with climate change as a safety and soundness issue for credit unions. That included the very real threats of fires, floods, sea-level rise, and environmental catastrophes, and the effect of those events on future access to insurance and lending decisions. Also compelling, Ito said, were views expressed on the challenges of quantifying risk related to climate change, exercising proportionality in imposing reporting requirements on smaller financial institutions versus international banking entities, and reaching uniform standards between federal and state programs. “There was a common theme of ‘stronger together’ consistent with each discussion,” Ito said.
CURE is one of the initiatives sponsored by NASCUS and the DCRI, a partnership between the state system and key organizations within the credit union system at large committed to strengthening the state credit union charter by pursuing progressive legislation and regulation, building relationships to foster charter innovation, guarding against unnecessary federal pre-emption and expanding awareness of options available to state-chartered credit unions.
The next NASCUS/DCRI-sponsored event is the Exchange, Nov. 1-2 in Phoenix (an invitation-only event for regulators and leaders from credit unions with more than $10 billion in assets).
LINK:
NASCUS Launches Dual Charter Resource Initiative
(Sept. 24, 2021) Two key events from NASCUS aimed at supporting and building the credit union dual chartering system are coming up over the next several weeks, part of the association’s overall commitment to the state and federal oversight of the credit union system.
Both events, part of NASCUS’ Dual Charter Resource Initiative (DCRI), are by invitation only.
The Credit Union and Regulator Engagement (CURE) is set for next week (Sept. 29-30). A virtual event, it brings together leaders from credit unions with between $4 billion to $10 billion with state regulators from across the country to focus on topics now affecting the credit union system. Among the topics on the agenda are: central bank digital currencies (CBDCs), climate change considerations for the credit union system, the evolution of the mortgage market from the Great Recession (beginning in 2007) to the current COVID-19 era, and the regulatory and supervisory transitions credit unions face as they cross the $10 billion threshold that defines supervision under NCUA’s Office of National Examinations and Supervision (ONES).
The second event, the Exchange, is set for Nov. 1-2, and will be held in Phoenix at the Crowne Plaza hotel. Invitees are leaders of credit unions with more than $10 billion in assets, as well as state regulators. The agenda includes discussion about growing cybersecurity and ransomware risks, interstate operations, and threats to the state and federal credit union charter as the charter of choice amid new entrants in the U.S. payments system, including BigTech and fintechs.
The DCRI is a sponsorship opportunity for those who value a vibrant and robust dual charter system. DCRI sponsors engage with the initiative through a series of financial contributions and select events. Support is solicited on three levels, Champions, Leaders, and Partners. For more information, including on invitations, see the links below.
LINKS:
Credit Union & Regulator Engagement (CURE) Virtual Event
Credit Union & Regulator Engagement (CURE)
As the only association in the industry with direct access to all 45-state regulatory agencies, NASCUS leverages our unique distinction by convening two audiences in our membership—state regulators and the credit union industry—to foster mutual insight and collaboration in policymaking.
At the new meeting, the Credit Union x Regulator Engagement (CURE), CEOs of state charter credit unions with assets of $4 billion – $10 billion will engage with carefully selected regulators from the most progressive state agencies, to delve into existing and emerging competitive challenges facing the state system, with a focus on collective problem-solving.
The dialogue will be framed to be candid and constructive, and the agenda, with your input, will be intentional to result in forward-thinking, transformative policymaking.
Meeting dates: September 29, 2021, 1-4 pm and September 30, 2021, 1-4 pm
The event is for NASCUS members and by invitation only. Please email Dr. Isaida Woo, Senior Vice President, Corporate Affairs and Education, for more information.
