The National Credit Union Administration (NCUA) Board recently made a significant decision to bolster the Share Insurance Fund's liquidity position. This move was strategically implemented to prepare for potential losses that credit unions may face in the future. The decision underscores the NCUA's commitment to safeguarding the financial stability of credit unions and their members.
In line with their efforts to support credit unions, the NCUA is hosting a webinar on February 8 to share key points about the agency's 2024 supervisory priorities. This webinar will provide valuable insights for credit unions to navigate regulatory challenges effectively and ensure compliance with the NCUA's guidelines.
During the webinar, participants will have the opportunity to engage with industry experts, including Kelly and Matt, who will lead the presentation, and Gira, who will be available to address any questions or concerns. The session will also feature Kelly Lay, who will provide valuable insights into the evolving landscape of credit union supervision.
In addition to the upcoming webinar, the NCUA will host another session on April 4 focused on liquidity risk management. This webinar will offer credit unions practical strategies to enhance their liquidity risk management practices and navigate potential financial challenges effectively.
Tanya F. Otsuka's recent nomination by the President to serve on the NCUA Board further underscores the administration's commitment to promoting diversity and expertise within the agency. Her unanimous confirmation by the U.S. Senate highlights her qualifications and dedication to advancing the mission of the NCUA.
Credit unions interested in certification as Community Development Financial Institutions can also benefit from resources provided by the NCUA. They can learn about the application process and requirements to obtain certification, enabling them to expand their impact on underserved communities.
David Tillman, the NCUA's Acting Chief Information Officer, plays a pivotal role in leading the organization's IT workforce and establishing robust cybersecurity measures. His leadership ensures the NCUA's technological infrastructure is secure and efficient in supporting the agency's operations.
Cory Phariss, as the President of the Asset Management and Assistance Center, serves as a key advisor to the NCUA Board on critical matters related to asset management and financial assistance. His expertise and strategic guidance contribute to the agency's efforts to support credit unions in times of need.
