3 NCUA listening sessions this summer

NCUA yesterday announced plans to hold three “listening sessions” this summer where credit union representatives can go and air their concerns about any NCUA-related topics – and before the agency finalizes its risk-based capital proposal.

NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt welcomed the listening sessions. “We expect a robust exchange,” she said. “The need for more capital, whether NCUA is looking at interest rate risk appropriately and exam issues are all areas where there is a divide between the agency and our members.”

NCUA’s listening sessions, hosted by Board Chairman Debbie Matz, are scheduled June 26 in San Francisco, July 10 in Chicago and July 17 in the Washington, D.C. metropolitan area. Each will run from 9 a.m. to noon local time.

Participants will be able to talk with NCUA Board members, senior NCUA staff and supervisory examiners from the NCUA region co-hosting each session. These sessions will take place before NCUA’s proposed rule on risk-based capital is finalized. Region 5 representatives will be at the session held in San Francisco; Regions 3 and 4, in Chicago; and Regions 1 and 2, in Washington.

Matz said the last round of such sessions is what led to the agency’s work on regulatory relief and streamlined examination reports.

Registration, once it begins, will be free, handled online and open to the first 150 persons registering to each session, the agency said.

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