NCUA’s first ever webinar “town meeting” featuring Board Member Hyland available for viewing
Alexandria, VA, December 30, 2005 – The first ever webinar hosted by the National Credit Union Administration (NCUA) is available for viewing. The webinar “town meeting” was held on December 20, 2005 featuring new Board Member Gigi Hyland and applied the latest in Internet webcasting technology. To view the webinar, please access the following link: http://w.on24.com/r.htm?e=18689&s=1&k=2AE75D7B6692F975E2B1927A8D09DCDC
During the one hour webinar “town meeting” Board Member Hyland discussed her professional background, thoughts on key issues, and answered questions from participants.
“I appreciated the opportunity to visit with credit union volunteers and officials across the country through this web town meeting,” said Board Member Hyland. “Public comment and input is a vital way for the NCUA to ensure safety and soundness of the credit union system and the latest in webcast technology provides exciting opportunities to maintain an open dialogue with those in the credit union community.”
Board Member Hyland discussed her background in the credit union system, as well as recognition of challenges facing the nation's 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 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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