ALEXANDRIA, Va.-NCUA’s top brass are working coast to coast and south of the border to promote credit unions. NCUA Chairman Dennis Dollar and Board Members Deborah Matz and JoAnn Johnson and staff met recently with delegates from Mexico’s National Banking and Securities Commission, which regulates the country’s credit unions. The two-day briefings were part of NCUA’s continuing relationship with the Mexican government on credit union regulation structure and NCUA’s International Visitors Program. Representing the Mexican officials were Carlos Cristiani, head supervisor for Ancillary Organizations and Jorge Fabela, director general of Credit Union Supervision. Last year, Dollar met in Mexico with President Vicente Fox and his economic leaders to discuss opportunities to work together to formulate a regulatory structure that would enable Mexico to operate a safe and sound credit union system and meet the financial needs of Mexican citizens and small businesses, particularly the low-income. “President Vicente Fox recognizes the value of credit unions and other types of financial cooperatives in building the economic future of his nation, and I have been genuinely impressed with the caliber of the officials he has appointed to administer the Mexican regulatory system for these institutions,” Dollar commented.

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