Vice Chairman Hood Joins
Congressman Walter B. Jones at
Town Hall Meeting in North Carolina
August 24, 2006, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Rodney E. Hood and United States Congressman Walter B. Jones from North Carolina participated in a Town Hall Meeting held at Marine Federal Credit Union in Jacksonville, North Carolina. The Town Hall Meeting was organized by the North Carolina Credit Union League and provided an open forum to discuss the important role credit unions have in strengthening the economy in communities across America.
Vice Chairman Hood and Congressman Jones both addressed the crowd of local credit union representatives and answered questions from the audience. Mr. Hood discussed an overview of his regulatory philosophy and emphasized the importance of maintaining safety and soundness while allowing regulatory flexibility. Vice Chairman Hood also praised credit unions for making the American dream a reality for their members.
“I was very pleased to join Congressman Jones today in this Town Hall Meeting in my home state of North Carolina,” said Vice Chairman Hood. “We enjoyed a frank discussion about how credit unions are making a powerful difference in people’s lives. I thank the North Carolina Credit Union League and Marine Federal Credit Union for making this meeting possible and I commend Congressman Jones for being so attentive to the great work credit unions are doing in communities in North Carolina and across America.”
While at Marine Federal Credit Union, which is located nearby Camp Lejeune Marine Corps Base, one of the largest concentrations of Marines in the world, Vice Chairman Hood met with officials to discuss how credit unions may best serve the financial needs of servicemembers. “When America’s servicemembers are called into duty, it is vital that they have the assurance that their finances back at home are in good order. I commend credit unions for serving as a reliable financial partner for servicemembers, and as their regulator, I am committed to working together with them to best meet the needs of America’s brave men and women who are called into service.”
The National Credit Union Administration charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the accounts of over 85 million account holders in all federal credit unions and the majority of state-chartered credit unions. NCUA is funded by credit unions, not federal tax dollars.
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