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750 participate in final NCUA 'town hall'

ALEXANDRIA, Va. (2/19/10)--National Credit Union Administration (NCUA) Chairman Debbie Matz said that more than 750 participated in the agency's "virtual" Town Hall Thursday, the final session planned to focus on the agency's proposed corporate credit union rule, as well as supplemental capital, proposed chartering and field of membership changes, and member business lending.

The agency noted that the 90-minute session concludes its six-month series of "interactive open forums" between the credit union community and the NCUA. More than 2500 credit union representatives participated either at one of the five in-person or two web-based NCUA Town Hall events, according to NCUA figures.

"Today's concluding session of this round of Town Halls was in many respects emblematic of the kind of serious, constructive conversation that we have been having with the credit union community," Matz said in a release.

"The discussions were both candid and thoughtful and signal an impressive degree of commitment to work in the best cooperative tradition on the important issues we have at hand. The financial difficulties in general, and the corporate situation in particular, have called upon us all to work harder and smarter, toward solutions. Given the tone at the Town Halls, everyone involved should have reason for optimism about the challenges that lie ahead."

The comment period for the proposed corporate rule ends March 9.

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