Northern Virginia CUs Meet with Hyland

ALEXANDRIA, Va.-NCUA Board Member Gigi Hyland recently spoke at the monthly meeting of the Northern Virginia Chapter of Credit Unions. “It feels great to meet with you face to face and discuss issues of importance to the credit union system,” Hyland told the group. Travel has been restricted to the new board member due to an injury, so she had previously held a Webinar in order to meet with people from the credit union community. Hyland covered a number of hot button topics during her remarks, such as credit union membership growth and other indicators, challenges facing small and mid-size credit unions, regulatory burden, conversions to mutual savings banks, and fields of membership. Hyland also emphasized the need for credit unions to work harder to share their good stories of serving all sectors of their fields of membership. “These issues present great opportunities for credit unions to have an impact in the future of the credit union system,” she commented. “The regulatory rulemaking process provides credit unions an active role in the lawmaking process and the governing of credit union operations by allowing dialogue and transparency regarding significant issues. Grasp that opportunity and make your voice heard by commenting on NCUA’s proposals.”