NCUA Chairman Hood Discusses Efforts to Support Credit Unions During COVID-19 at Senate Hearing

ALEXANDRIA, Va. (Nov. 10, 2020) – National Credit Union Administration Chairman Rodney E. Hood today testified during a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

Chairman Hood provided the Committee with a state of the credit union system and the National Credit Union Share Insurance Fund, and detailed the agency’s efforts to provide regulatory relief, help credit unions address emerging risks, and support small, low-income, and minority credit unions during the ongoing COVID-19 emergency. He also discussed the agency’s new financial inclusion initiative, ACCESS: Advancing Communities through Credit, Education, Stability, and Support.


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