NCUA’s Harper discusses cybersecurity, interest rate risk at CU Leadership Convention
ALEXANDRIA, VA (July 27, 2023) — National Credit Union Administration Chairman Todd M. Harper said the credit union system remains well positioned to handle any economic disruptions and market uncertainty during his remarks today at the Credit Union Leadership Convention in Las Vegas.
“The recent turmoil within the banking system is a reminder — for us all — of the need to manage capital, interest rate, liquidity, and credit risks,” Chairman Harper said. “That’s why the NCUA highlighted each of those risks as areas of focus in its supervisory priorities. In concentrating on these issues when examining institutions, the NCUA must be forward-looking, risk-focused, and ready to act expeditiously, if needed.”
Chairman Harper also discussed the issues of cybersecurity, interest rate risk, liquidity risk, and the importance of succession planning during his speech and panel discussion at the convention.
Chairman Harper’s remarks at the 2023 Credit Union Leadership Convention are available on the NCUA’s website.
About National Credit Union Administration (NCUA)
The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.
