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NCUA Town Hall meeting in Orlando elicits Good Discussion

About 125 credit union staff members from a number of states attended the NCUA Town Hall meeting in Orlando February 4. NCUA Chairman Debbie Matz provided the opening and closing remarks, as well as took part in the question and answer period. The meeting briefed credit unions on the history of how the corporate credit union system got where it is today and the ideas to move it forward while ensuring it wouldn't happen again. Most importantly, credit unions had the opportunity to speak directly with their regulator and leave nothing to speculation.

The League of Southeastern Credit Unions President/CEO Patrick La Pine attended the meeting and thought the tone of the questions by credit unions was right on. "The diagolue between the NCUA and credit unions was very good. The questions centered around where do we go from here and how can we make sure it doesn't happen again. I thought credit unions did a good job of really letting the NCUA know how the corporate situation is effecting their business."

Chairman Matz was impressed with the quality of questions asked in Orlando. "The opinions and ideas put forth by attendees were extremely helpful, and will be invaluable as the NCUA Board moves forward with corporate rulemaking, improvements to the field of membership regime, and other pertinent matters.

"It is clear that the difficulties encountered because of the corporate situation are real, and their effects are still being assessed by all concerned. Based on the dialogue at the Town Halls it is equally clear, however, that the industry is resilient, is forward-looking, and remains focused on serving credit union members. I am committed to working with credit unions as the process continues."

The NCUA board members Gigi Hyland and Mike Fryzel also attended the meeting. This was the last of five Town Hall meetings initiated by Chairman Matz from September 2009.

Florida CU CEO Mark Starr asks a question during the NCUA Town Hall meeting in Orlando Feb. 4.