ALEXANDRIA, Va.— The credit union CEO who has formed a group to represent the interests of small credit unions in the Pacific Northwest said he had a “fantastic” meeting on Monday with NCUA Chairman Kyle Hauptman at the agency’s headquarters.
As the CU Daily reported here, Doug Wadsworth, CEO of the $73.8 million Tri-Cities Community Credit Union in Kennewick, Wash., and author of a widely read recent op-ed on the CU Daily titled “The NCUA Cannot Help You—So Don’t Ask,” requested the meeting.
Wadsworth has formed a group called “Endangered Credit Union Defense” (ECUD), which is designed to not just defend smaller CUs, but “also the smaller communities they serve.”
Wadsworth said Hauptman indicated some of the ECUD priorities are actionable and make sense and that he wants to move forward with those. The specifics of what those priorities are were not released.
In addition, Hauptman requested examples of examination practices and regulations that are causing unnecessary work for credit unions and examiners alike.
‘Thoughtful’ About Issues
Wadsworth described Hauptman as being “thoughtful” about the issues that were discussed and said he believes NCUA has made a priority of addressing challenges facing smaller credit unions.
The meeting was also attended by Sarah Bang, NCUA chief of staff and senior adviser to Hauptman.
In an earlier statement to the CU Daily, NCUA said, “Chairman Hauptman often meets with credit unions and several happen to be in town (this) week. Chairman Hauptman will meet with other credit unions (this) week as well.”
One Response
I have received quite a bit interest from other small CUs, regarding our regulatory relief advocacy specifically focusing on SMALL credit union needs. If you fit that description, follow what we are doing on our Linkedin group: https://www.linkedin.com/groups/14776042/
-Doug Wadsworth