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“Laying a Strong Foundation for the Future”

October 2019
“Laying a Strong Foundation for the Future”

NCUA Chairman Hood Marks Six Months at Agency’s Helm

ALEXANDRIA, Va. (Oct. 8, 2019) – National Credit Union Administration Chairman Rodney E. Hood today released a six-month progress report on his efforts since he took office.

“We are laying a strong foundation for the future of the credit union system,” Hood said. “I also believe it is important that credit union stakeholders can track NCUA’s progress.”

The progress report summarizes the NCUA’s recent initiatives that continue the agency’s regulatory reform agenda, as well as collaboration efforts and stakeholder engagement.

“Since I was sworn in six months ago, regulatory reform has been among my top priorities,” Hood said. “We all agree that clear rules create confidence, fairness, and accountability. We need well-crafted regulations to ensure the safety and soundness of the credit union system. That’s why I want to see a regulatory system that is effective, but not excessive. We are making progress towards that goal.”

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