Newsroom
July 20, 2016
Metsger, McWatters talk budget briefing in NCUA Report
The July issue of The NCUA Report, now online, features a column from NCUA Board Chairman Rick Metsger on the agency's upcoming public budget briefing and outlines the potential economic and interest rate scenarios credit unions should be aware of following the U.K.'s decision to leave the European Union.
In his article in the Chairman's Corner, Metsger details his decision to hold a public briefing in October on the agency's 2017-2018 budget and encourages stakeholders to attend and contribute to the conversation.
NCUA Board Member J. Mark McWatters, in his column, says holding a public budget briefing is the first step toward a better budget. He says the public briefing will lead to better transparency and accountability to credit unions and Congress. He also recommended extending the exam cycle for well-run credit unions and improving exam efficiencies.
NAFCU President and CEO Dan Berger this week submitted a letter to the NCUA Board thanking the board members for announcing an October budget briefing and urging the board to continue to act with transparency and increased efficiency in its budget process.
Also in this month's report, an analysis by NCUA's Office of the Chief Economist says Brexit could potentially affect the energy and manufacturing sectors, leading to slower economic growth in the U.S. and pushing long-term rates down, which would further compress credit unions' net interest margins.
This month's NCUA Report also outlines past NCUA Board actions and a report on how low-market rates have affected credit unions' margins.
In his article in the Chairman's Corner, Metsger details his decision to hold a public briefing in October on the agency's 2017-2018 budget and encourages stakeholders to attend and contribute to the conversation.
NCUA Board Member J. Mark McWatters, in his column, says holding a public budget briefing is the first step toward a better budget. He says the public briefing will lead to better transparency and accountability to credit unions and Congress. He also recommended extending the exam cycle for well-run credit unions and improving exam efficiencies.
NAFCU President and CEO Dan Berger this week submitted a letter to the NCUA Board thanking the board members for announcing an October budget briefing and urging the board to continue to act with transparency and increased efficiency in its budget process.
Also in this month's report, an analysis by NCUA's Office of the Chief Economist says Brexit could potentially affect the energy and manufacturing sectors, leading to slower economic growth in the U.S. and pushing long-term rates down, which would further compress credit unions' net interest margins.
This month's NCUA Report also outlines past NCUA Board actions and a report on how low-market rates have affected credit unions' margins.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically. [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters. [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public
The Evolving Role of the CISO in Credit Unions
preferred partner
DefenseStorm
Podcast
AI in Action: Redefining Disaster Preparedness and Financial Security
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public
2024 Mid-Year Fraud Review
Strategy & Growth, Consumer Lending
preferred partner
Allied Solutions
Podcast
Get daily updates.
Subscribe to NAFCU today.