WASHINGTON – The credit union system has thrived in large part because of the corporates and that's why the NCUA is working hard to come up with a viable rescue plan, NCUA Board Member Gigi Hyland said today.
During a speech at CUNA's Governmental Affairs Conference she said her agency would focus on capital issues, credit risk and governance issues as it considers ways to restructure the corporate system. She urged attendees to send comment letters to the agency-all of which she said she reads–and said there would be "as much transparency as possible" as they make their decisions.
Hyland, who has worked as an executive at a corporate credit union, thanked credit unions for having helped her manage her finances throughout her life and helped her buy a house, car, and pay for college and law school.
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She urged attendees to "take heart, be strong, have faith, have hope."
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