WASHINGTON — Comparing her agency to a police officer thatprevents bad drivers from hurting good ones, NCUA Chairman DebbieMatz said the agency’s strong enforcement saved the insurance fundabout $1.5 billion.
|She said the efforts, including more frequent examination andmore use of letters of understanding and agreement, are the “toughpart of tough love and don't win any popularity contests.”
|But she added, in a speech at the opening session of CUNA'sGovernmental Affairs Conference, that as a result of thosepolicies, “worst case scenarios became just that: scenarios.”
|Matz added that she always knew credit unions were strong, butthat the last year has shown that they are resilient.
|She also noted that her agency has pushed Congress to approve anincrease in the cap on member business loans and the right to raisesupplemental capital.
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