WILLIAMSBURG, Va. — NCUA Vice Chairman Rodney E. Hood urged credit unions to continue employing good risk management strategies to prevent losses in a downward-trending economy.
He addressed the NAFCU Mid-Sized CEO Roundtable in Williamsburg, using this forum to discuss the current financial state of the industry as the agency prepares to release the industry's 2007 year-end data.
Hood provided detailed slides specific to the group, tracking them against the national average for all federally insured credit unions and discussed the trends and points of concern NCUA is tracking. He described how the best practices of risk management can be used to mitigate the effects of a downturn in the economy.
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