Regulatory & Compliance

Former NCUA Chair JoAnn Johnson, slated to become Iowa's top credit union supervisor next week, said Wednesday she is prepared to field some tough questions about excessive regulation, but she also contends industry conditions remain quite positive.

In a Feb. 8 letter NCUA left no uncertainty about its intent to attempt to show the way through the turbulent times now enveloping corporate credit unions.

The sluggish economy caused CUNA and NAFCU PACs to raise less money, but they each had very different spending patterns during last year's campaigns.

NACUSO's annual conference in April will feature three sessions in response to the need for documented director training to comply with recent NCUA regulations.

Vendor management is seen as a project for staying compliant and managing third-party risks.

The credit union industry has many leaders: Credit unions that excel at their business, credit unions that assist other credit unions, and volunteers who spend their free time sifting through inches-thick board packets.