Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
At CUNAs 75th Hyland stresses diversity leadership and more
WASHINGTON (9/22/09)--National Credit Union Administration (NCUA) board member Gigi Hyland offered congratulations on the Credit Union National Association’s (CUNA’s) 75th anniversary and, looking ahead, stressed the importance of credit unions demonstrating diversity, financial education, collaboration and leadership.
Click to view larger imageNCUA board member Gigi Hyland offers congratulations to CUNA on its 75 years of accomplishments and says NCUA will have to take a leadership role in comments to the U.S. Treasury Department and the U.S. Congess on the topic of supplemental capital. (CUNA photo)
Hyland was a guest speaker last week at CUNA’s board of directors meeting held in Estes Park, Colo., in conjunction with the association’s 75th anniversary commemorative activities. “You have every right to be proud of this association that has accomplished so much over the years to ensure credit unions can execute their mission,” Hyland told the CUNA board. For the system to capably address future challenges, Hyland emphasized four goals:
* Be diverse. “I believe CU management and board staff should be as diverse as their membership,” she said, emphasizing the importance of ongoing recruitment of new volunteers. * Educate, educate, educate. “If members can’t learn the basics of a checking account, how to buy a house, or how to use a credit card from credit unions, it is unlikely they will be financially empowered from anywhere else,” she said. * Collaborate. “We’re good at it—sometimes,” she said and urged CUs to look for new opportunities to combine resources and collaborate, especially in these difficult economic times. * Lead. “Be a profile in courage,” Hyland said. “Let’s lead this system forward so we can ensure it thrives for the next 75 years and beyond.”
Hyland said in a Q&A with the CUNA board she believes the NCUA will “have to lead and be clear in comments to Treasury and Congress” on the topic of supplemental capital. Her office is continuing an effort to “synthesize regulatory concerns” that can be presented to the NCUA board. “My goal is to have a paper before the NCUA board in December for consideration and a vote,” she said, recognizing “there is an urgency” to this issue.


RSS print
News Now LiveWire
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
46 minutes ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
58 minutes ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
58 minutes ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
1 hours ago
Worldwide #creditunion growth: Nearly 57K CUs now serve 208M members #NewsNow http://t.co/vrSv3Gvp7X
2 hours ago