Hood Announces Risk-Mitigation Summit at WesCorp Annual Meeting

SAN DIEGO – NCUA Vice Chairman Rodney Hood commended corporates during his recent remarks at WesCorp’s Annual Meeting and Future Forum and announced that he planned to call a summit at year-end on risk-mitigation tools for credit unions.

The vice chairman told attendees that he planned to call a summit of natural person credit unions and corporates to discuss the most current and sophisticated tools for mitigating balance sheet risks for credit unions of all sizes and explore alternative investment opportunities. “We must renew our focus on sustaining all of these not-for-profit financial cooperatives in the credit union system, while facilitating opportunities to mitigate risks and strategic partnerships for the continued growth and expansion of all financial cooperatives,” he said.