A webinar slated March 24 by the federal regulator of credit unions will focus on potential areas of risk for credit unions resulting from the COVID-19 pandemic, the agency said in a release Wednesday.
The March 24 webinar hosted by the National Credit Union Administration (NCUA) is slated to begin at 2 p.m. ET and to last about one hour. Topics include:
- credit markets’ status;
- current federal regulations;
- what NCUA examiners look for;
- suggestions on reporting risk to a credit union’s management and board; and
- advice for proactively managing credit risks.
NCUA Chairman Todd Harper, in a statement with Wednesday’s release, reiterated the agency’s top priority is “ensuring that credit union members, the credit union system and the [National Credit Union] Share Insurance Fund are prepared to weather any economic fallout related to the pandemic. I encourage credit unions to take advantage of our webinar to learn more about how they can minimize potential risks to their balance sheets.”
Registration is open now, and questions may be submitted anytime during the webinar or in advance via email to WebinarQuestions@ncua.gov; the email’s subject line should read “Pandemic-Related Credit Risks for Credit Unions.”