ALEXANDRIA, Va. (1/24/13)--2012 was a positive year for the credit union system; it started slow and improved over the 12 months, National Credit Union Administration Chairman Debbie Matz declared in a new CUbroadcast.com interview.
"When you look back at where (credit unions) were at the beginning of the year and where they wound up at the end of the year, it really shows a lot of improvement and a lot of hard work on their part and ours," Matz said.
Matz also shared an outlook for 2013.
The NCUA chairman said the agency plans to revisit proposed changes to the rural district definition at its next board meeting and will also finalize a rule on Treasury Inflation Protected Securities--or TIPS--in the near future. Matz also said the NCUA hopes to keep Temporary Corporate Credit Union Stabilization Fund assessments in the single digits and to not charge a National Credit Union Share Insurance Fund in 2013.
The NCUA's ongoing lawsuits against Wall Street firms and agency regulatory modernization efforts are also addressed in the video.
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