WASHINGTON — NCUA Board member Gigi Hyland used her appearance before CUNA's Governmental Affairs Conference to urge credit union leaders to read the recent report of the Outreach Task Force, consider it with other leaders and share their thoughts with the agency. The Outreach Task Force, which Hyland shared, transmitted the report to the NCUA Board on Feb. 26.
Hyland reviewed the process that led to the report and received applause lines when she recounted the message from CUs not to increase regulatory burdens and how to better tie together the agency's policy and practice, particularly when it comes to credit unions reaching out to underserved communities.
She discussed the way the Task Force suggested NCUA would be able to gain more knowledge from data it already collects and perhaps collect more in a minimally disruptive way. On her final note she reminded the leaders that the NCUA Board would still have to consider and debate the recommendations and there is a lot of room for CUs to let the NCUA know what they think.
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