NCUA Chairman: International Credit Union Day Celebrates People Helping People Around the World

Service and Security are Fundamental Responsibilities, Hood Said

ALEXANDRIA, Va. (Oct. 17, 2019) – The 71st annual International Credit Union Day is a reminder of the responsibilities of serving and protecting members, National Credit Union Administration Chairman Rodney E. Hood said today.

“This is a day when we mark our progress and plan for the future,” Hood said. “Credit unions, founded on the principle of ‘people helping people,’ strive to provide affordable financial services. The NCUA works to give credit unions the necessary flexibility to do their jobs, within the bounds of safety and soundness. And both the agency and the institutions we regulate must remain mindful of the importance of protecting members by providing financial literacy tools and by maintaining a strong defense against cyber threats.”

International Credit Union Day celebrates the spirit and the accomplishments of the global credit union movement.

“The cooperative credit system relies on the trust of our members, and by earning that trust every day, we help them build more secure financial futures for themselves and their families,” Hood said.

IR Press

Share
Published by
IR Press

Recent Posts

U.S. Department of the Treasury Releases Final Regulations Implementing Bipartisan Tax Reporting Requirements for Brokers of Digital Assets

Regulations help make filing easier for digital asset holders on taxes already owed WASHINGTON – As part of…

4 days ago

OCC Issues Annual Report for 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today published its 2024 Annual Report.…

1 week ago

OCC Announces Enforcement Actions for December 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

2 weeks ago

Treasury Maintains Pressure on Houthi Procurement and Financing Schemes

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

2 weeks ago

Treasury Sanctions Georgian Ministry of Internal Affairs Officials for Brutality Against Protesters, Journalists, and Politicians

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is…

2 weeks ago

Treasury Maintains Pressure on Iranian Shadow Fleet

WASHINGTON — Today, the United States Department of the Treasury is imposing sanctions on four…

2 weeks ago