Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Americans from all walks of life are benefiting from a strong, resilient, and dynamic economy, which boasts nearly six years of uninterrupted growth. While this economic landscape presents credit unions and affiliated organizations such as CUSOs with tremendous opportunities for innovation, growth, and enhancements to member services, it also brings real and often complex financial risks that can and must be managed.

The good news is that, through proactive management and implementation of forward looking strategies that identify, categorize, and respond to risk, credit unions today continue to prosper. The numbers tell much of the story. Credit unions serve over 89 million member owners and have accumulated more than $700 billion dollars in assets. I am particularly impressed that even in the current flattened yield curve environment, credit unions have posted an average net worth of 11.54 %. Against this backdrop, as a safety and soundness regulator, I constantly promote a regulatory approach that encourages an appropriate, but not excessive regime that empowers credit unions to optimize service to their members in a safe and financially prudent manner.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.