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Committed to Community Development

In her presentation to the National Federation of Community Development Credit Unions on June 7, 2013, Debbie Matz, Chairman of the National Credit Union Administration, emphasized the vital role of Community Development Credit Unions (CDCUs) in serving people of modest means and low-income communities. The discussion highlighted the challenges facing small credit unions, including rising mergers and unprofitability, alongside the surge of low-income credit unions. Matz outlined NCUA's commitment to supporting CDCUs through regulatory relief, streamlined examinations, and strategic initiatives aimed at fostering growth and stability.

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Committed to Community Development

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  1. Debbie Matz, Board Chairman National Credit Union Administration Committed to Community Development Presentation to National Federation of Community Development Credit Unions Baltimore, Maryland June 7, 2013

  2. CDCUs Are Vitally Important! Community Development Credit Unions serve: • People of Modest Means • Low-Income Communities • The Credit Union Community 1

  3. Small Credit Unions Are Disappearing Number of Credit Unions by Asset Group 2

  4. Mergers Are Rising Again More than 91% of Mergers are Voluntary 3

  5. Unprofitable Credit Unions More than 34% of Small CUs were Unprofitable in 2012 4

  6. 5

  7. Small Credit Unions Struggling; Low-Income Credit Unions Surging Key Credit Union Ratios (as of Year-End 2012) 3RD Qtr. 2012 Year-End2009 Year-End 2010 6

  8. Credit Union Exam Hours vs. Losses 7

  9. Reallocating NCUA Resources New Office of National Examinations and Supervision Shifts in allocations based on assets and risks 8

  10. Streamlining Small CU Exams • Eligibility: FCUs with assets up to $50 Million • Draft scope and procedures target main risks: Fraud, Record-keeping, Lending • Core transaction testing for all small CUs • More in-depth, “triggered” levels of review, based on core results 9

  11. NCUA’s Commitment to CDCUs • Shorter Examinations • Examiner Guidance • Regulatory Relief • Low-Income Designation Initiative • Office of Small Credit Union Initiatives 10

  12. 11

  13. Building Your Future • Internal Controls • Strategic Planning • Due Diligence 12

  14. Contacting the Office of the Chairman Feel free to contact our office with questions or comments. Chairman:Debbie Matz dmatz@ncua.gov Chief of Staff:Steve Bosack sbosack@ncua.gov Senior Advisor:Buddy Gill bgill@ncua.gov Asst./Scheduler:Angela Sanders asanders@ncua.gov Phone:703-518-6301 13

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