During her meeting with the Credit Union Advisory Council, Hyland urged attendees to comment on the recent NCUA changes to conversion policies. She also encouraged credit unions to pay close attention to information technology issues and focus on data security enforcement and education.

State regulators and Hyland also discussed the dual role of NCUA as a chartering authority and as the administrator of the National Credit Union Share Insurance Fund. At their meeting, council members and Hyland discussed how to best define supervision and insurance.

"NCUA and NASCUS are working together to get closer to where we need to be on this issue," said Hyland. "This is an opportunity for progress and an open door for continued dialogue."

She also outlined opportunities for the NCUA to collaborate with state regulators on common issues facing the credit union system.

"As regulators, our chief mission is ensuring the safety and soundness of the institutions we regulate. This means doing all we can to encourage credit unions to serve their entire fields of membership and offer the innovative products and services members want through the delivery channels they expect. It also means learning from each other as regulators and sharing innovations. If we collaborate, we can address issues facing the credit union system and develop approaches that will help credit unions thrive in the future."

NASCUS President/CEO Mary Martha Fortney said she was "encouraged by Hyland's dialogue at the summit on the importance of dual chartering and the opportunity for continued progress that can be accomplished through regulator cooperation."