NCUA Chair Addresses Association's Advocacy Luncheon

NCUA Chair J. Mark McWatters took questions and discussed agency priorities.

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Over 70 credit union executives attended the advocacy lunch that is hosted annually by the MD|DC Credit Union Association during CUNA's Governmental Affairs Conference. Chairman McWatters discussed the recent annonouncent that there will be another Share Insurance Fund distribution to credit unions. He also noted how important the ability to compromise is to accomplishing priorities, particularly with only two NCUA board members. McWatters also responded to a question about CECL implementation and indicated that preparing credit unions is an agency focus.