NCUA Chairman Testifies on State of Credit Union System and Agency Efforts During COVID-19 at House Hearing

ALEXANDRIA, Va. (Nov. 12, 2020) – National Credit Union Administration Chairman Rodney E. Hood today testified during a hearing before the U.S. House Committee on Financial Services. He discussed the safety, soundness, and diversity of federally insured credit unions, and the NCUA’s efforts during the ongoing COVID-19 emergency.

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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