The League hosts a dialogue with Regional Director John Kutchey

Published by: Chris Noble

July 14, 2021 | Regulatory

In addition to the good work that credit unions already do to remain compliant with federal and state regulations, it is often beneficial for them to peer around the corner and prepare for new developments on the regulatory horizon. To accomplish this, it behooves credit unions to form relationships with their regulators so that they can receive information directly from the source when it comes to the swiftly-changing regulatory landscape. Therefore, as the voice of Ohio’s credit unions, the League was happy to host a dialogue between National Credit Union Administration (NCUA) Eastern Regional Director John Kutchey and our members.

The dialogue, hosted on June 24, was the third time Director Kutchey has spoken to the League’s members since we began the townhalls in 2020. Although the regulatory landscape is a bit different than what it was during the height of the COVID-19 pandemic, credit unions will likely deal with economic and regulatory realities brought about by its onset for years to come. With that in mind, Director Kutchey helped address key issues for credit unions, such as the future of remote examinations, the addition of “S” to the CAMEL(S) rating system, and compliance expectations for loan participations, among other subjects. You can find a recording of the dialogue here.

The League always appreciates when regulators are open to engaging with our members, and the NCUA’s Regional Director John Kutchey is no exception. We always have a great discussion, and look forward to having more in the future. For more information about the dialogue, please contact League Regulatory Counsel Chris Noble Esq.

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