NCUA’s Harper discusses state of the system; Legislative priorities at 2023 GAC Conference
ALEXANDRIA, VA (February 27, 2023) — National Credit Union Administration Chairman Todd M. Harper spoke today at the 2023 Governmental Affairs Conference in Washington, D.C., where he discussed the state of the credit union system and the increasing levels of interest rate, liquidity, and cybersecurity risk that credit unions are facing.
Chairman Harper also discussed the NCUA’s legislative priorities, which include restoring the Central Liquidity Facility’s agent member flexibility and expanded borrowing authority, and oversight of credit union service organizations and third-party vendors. He also discussed the importance of small, low-income, and minority depository institutions and consumer financial protection.
To view Chairman Harper’s full remarks, please go to NCUA.gov.
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.