NCUA Board Member Rodney E. Hood Statement on the NCUA Risk Appetite Statement

October 2022
NCUA Board Member Rodney E. Hood Statement on the NCUA Risk Appetite Statement
Rodney E. Hood

NCUA Board Member Rodney Hood listens to presentations by staff during the October 2022 NCUA Board Meeting at the NCUA’s headquarters in Alexandria, Virginia.

As Prepared for Delivery on October 20, 2022

You cannot avoid risk, so I am glad to see the NCUA Board considering the risk appetite statement before us today. Today’s board item probably could have been done by notation vote, but I am glad the Chairman elected to do this in a public forum because it is a good opportunity to discuss holistic risk management for credit unions as well. Enterprise Risk Management is something that I have cared about since my previous time on the Board when I did Enterprise Risk Management Summits for the credit union industry over a decade ago. And ERM is still relevant today.

I have no questions or further comments, and I look forward to supporting today’s rule.

Last modified on
10/20/22