NCUA Hosts first ever webinar “town meeting”
featuring new Board Member Gigi Hyland
Alexandria, VA, December 20, 2005 – National Credit Union Administration (NCUA) hosted its first ever webinar which applied the latest in Internet webcasting technology and featured new Board Member Gigi Hyland.
The one hour webinar provided registered participants from credit unions and state leagues with the opportunity to listen and e-mail questions as Board Member Hyland discussed her professional background, thoughts on key issues, and answered questions from participants.
“I was pleased to utilize the latest technology to provide an efficient and practical forum for the NCUA and participants from the credit union industry to discuss issues that are important to America’s credit union system,” said Board Member Hyland. “I thank those who participated and I Iook forward to an open dialogue throughout my tenure as Board Member at NCUA. I believe that public comment and input is vital to ensuring that regulations promulgated by the board have been carefully evaluated for the impact on the institutions, members, and consumers.”
Board Member Hyland discussed how her background in the credit union system is an asset in her role as a Board Member of NCUA, as well as recognition of challenges facing the credit union system.
The discussion of key issues and questions asked in the webinar included:
• Board Member Hyland’s emphasis on serving as a deliberative and effective regulator without creating unnecessary, burdensome regulations;
• Challenges facing small credit unions and the role that NCUA’s Office of Small Credit Union Initiatives (OSCUI) is addressing those challenges;
• Credit union field of membership and charter expansion;
• The growth of credit union’s providing member business lending;
• Tax exemption for credit unions;
• The conversion of credit unions to mutual savings banks; and
• NCUA’s working group which is currently discussing effective ways for credit unions to tell their stories of service to the underserved.
The webinar will soon be available for rebroadcast on Board Member Hyland’s webpage at www.ncua.gov.
The National Credit Union Administration is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of over 85 million account holders in all federal credit unions and the majority of state-chartered credit unions.
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