Vice Chairman Hood to Deliver Keynote Speech at Louisiana Credit Union League’s
Annual Meeting and Convention
June 16, 2006, Alexandria, Va. – National Credit Union Administration (NCUA) Vice Chairman Hood will deliver the keynote address at the Annual Meeting and Convention of the Louisiana Credit Union League (LCUL) this afternoon. Mr. Hood will discuss how NCUA is helping Louisiana credit unions recover from last year’s hurricanes and how to prepare for this year’s hurricane season.
"Credit unions across the state of Louisiana have survived one of the worst natural disasters in United States’ history," said Vice Chairman Hood. "This year’s convention’s theme of ‘Reflect…Recover…Rejoice!’ is certainly appropriate. Louisiana credit unions should rejoice in the way they demonstrated the credit union spirit of helping one another as they collectively recovered from the hurricanes to serve their members. I look forward to addressing the League’s convention, and am dedicated to working with all Louisiana credit unions as they continue the recovery process and begin to apply lessons learned."
Vice Chairman Hood will outline best practices learned from past disasters that all credit union officials should be reviewing and updating, including: continuity of operation planning; record retention; shared branching; and direct deposit. “With hurricane season already upon us, it is very important to discuss how credit unions can be best prepared. I encourage all credit unions to please visit www.ncua.gov as a starting point to access the many resources available through the Agency.”
LCUL was formed in 1934, to represent the interests of credit unions and credit union members throughout the state. Currently LCUL serves more than 273 credit unions throughout Louisiana, and indirectly more than one million credit union members.
The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF), insuring the savings of nearly 85 million account holders in all federal credit unions and many state-chartered credit unions. NCUA operations are funded by credit unions, not tax dollars
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