On Tuesday of last week Association executives joined other leagues to meet with NCUA’s Western Region Director and senior agency staff.
Scott Simpson, CEO of the Utah Association, and Rusty Canon, Chief Advocacy Officer and President, represented Utah in the meeting. NCUA’s delegation was headed by John Kutchey, NCUA’s Interim Western Region director (and current Eastern Region Director). Other leagues from the Western Region also joined in robust discussion.
Agenda topics included:
The Leagues also shared concerns about the NCUA’s requirements for credit unions with over $1 billion in assets to track and report non-sufficient funds (NSF) and overdraft fee income on the Call Report. These requirements pose operational challenges and raise broader questions about potential reputational risks for credit unions.
The conversation further addressed the potential transition in NCUA leadership, with Vice Chair Kyle Hauptman expected to assume the role of chair under the incoming administration.
The meeting underscored the importance of collaboration between credit unions, leagues, and the NCUA to address evolving challenges and ensure the continued strength of the credit union movement.
