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In both Lansing and Washington, D.C., MCUL is working alongside our partners at CUNA to make sure the voice of the credit union industry is heard. Through weekly updates, a year-long events schedule and countless grassroots events held throughout the state, MCUL is dedicated to continually educating legislators and regulators about the difference credit unions make, both here in Michigan and at the national level.

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2023 CUNA GAC: NCUA's Hauptman Discusses Economy and Priorities

National Credit Union Administration Vice Chairman Kyle S. Hauptman spoke today at the 2023 Governmental Affairs Conference in Washington, D.C., where he discussed his regulatory priorities, which include revamping the de novo chartering process, modernizing NCUA’s transparency and feedback, and harnessing the power of blockchain technology and digital assets. Vice Chairman Hauptman also discussed the economic outlook and noted that credit unions performed well in 2022 and have healthy capital levels.

However, the Vice Chairman stated that the credit unions should monitor the auto lending market, which has seen stress as inflation and interest rates have increased. Finally, the Vice Chairman noted credit unions’ critical role in financial education and in improving their members’ financial well-being.

To view Vice Chairman Hauptman’s full remarks, visit NCUA.gov.

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