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ALEXANDRIA, Va. — NCUA Vice Chairman Rodney Hood’s background in affordable housing is evident in his views on credit unions and mortgage lending, but Hood is also zeroed in on other issues he sees vital to the future of credit unions.

Credit Union Times offers this special Q&A with the vice chairman to see where his agenda is headed. CU Times: What are some initiatives or pet projects you will be working on through the end of the year and into next year? Hood: I think at the top of that list would be continuing my commitment to fight the data security issues: the fact that we have such credit card fraud and the fact that there have been so many breeches of security. Recently, I saw this as such a pressing issue that I went over to meet with the folks from the Secret Service to get a briefing from them because I recognize that if the credit union system doesn’t really get its arms around this, the result could be just devastating on the reputation of the credit union system and also on the viability of some of our credit unions. I even look at this as having implications on safety and soundness if we don’t collectively look at things to be done to fight credit card fraud and the data security breeches that exist.

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