For Details, Contact:
External Affairs
email: pacamail@ncua.gov
Fax: (703) 518-6409

Board Member Hyland Participates in Podcast

Alexandria, VA, July 31, 2006 -National Credit Union Administration (NCUA) Board Member Gigi Hyland and her Senior Policy Advisor, Gary Kohn, today participated in a podcast entitled “Current Issues in Credit Unions, Episode 4.” The podcast is a monthly, collaborative effort by four well-known credit union attorneys to discuss issues facing the credit union system.  Hosts of the podcast include Robert Rutkowski of Weltman, Weinberg & Reis Co., L.P.A.; Brian Witt of Farleigh Witt; Guy Messick of Messick & Weber, P.C.; and Gwen Baker of Venable LLC.

“Podcast technology is a great way to reach out to a wider segment of the credit union system and the public,” noted Board Member Hyland. “We discussed issues ranging from Bank Secrecy Act compliance to strategic issues facing the credit union system. The format is fairly informal, but filled with valuable discussion, debate and insight from four very experienced, knowledgeable credit union attorneys. It was a pleasure to participate.”

During her remarks, Board Member Hyland discussed the revised FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual that was released last Friday. She noted that the manual is more user-friendly and provides credit unions with a better road-map to do a risk assessment on their BSA/AML compliance.

To listen to the podcast, go to www.ciicu.com.

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.