Matz Outlines Three Core Elements of a Strong Credit Union System

Alexandria, VA (May 2, 2011) – National Credit Union Administration Board Chairman Debbie Matz today outlined three core elements of a strong credit union system: “effective regulation, effective volunteer leadership, and effective outreach.”

Speaking at the Credit Union National Association Volunteer Institute, Chairman Matz both praised and challenged the credit union volunteers. “Volunteers have led credit unions diligently from recession toward recovery. Now it’s incumbent upon credit unions to adapt to meet changing demands and attract the consumers of tomorrow.”

Matz said that responsiveness to regulation is not enough, however. She challenged credit unions to have informed, engaged and effective volunteer leadership, and said that NCUA is clarifying and coding the skills volunteers need to succeed.

Please visit the NCUA website to learn more.