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MCUA To Attend NCUA Listening Session This Week

To represent and address Missouri credit union concerns, especially regarding the National Credit Union Administration’s (NCUA) Risk-Based Capital (RBC) proposal, the Missouri Credit Union Association (MCUA) will participate in the NCUA Listening Session in Chicago on July 10.

MCUA president/CEO Don Cohenour and John Thomas, MCUA senior vice president of Regulatory Compliance, are attending on behalf of Missouri's credit unions. The Chicago event will have a capacity crowd, with the highest number of registered attendees out of the three sessions scheduled. While a number of topics will be addressed, it is anticipated the RBC proposal will dominate the discussions.

Credit unions with specific questions are urged to share those with MCUA staff in advance of the meeting.

“It is important to fully convey the concerns of credit unions in Missouri,” says Thomas. “While we have questions in mind, we want to hear from you if there is a specific NCUA issue or question you would like addressed.  We cannot guarantee all questions will be answered due to the large turnout, but having your input will help us represent Missouri's credit unions."

In addition to the overall listening session, there will be opportunities to meet with senior NCUA staff, the regional director and supervisory examiners from the region, as well as NCUA Board members Michael Fryzel, Rick Metsger, and Chairman Deborah Matz. 

Please send your questions to Thomas via email by Wednesday, July 9 by 4 p.m.

MCUA will share information following the event with member credit unions.