Episode description

In this insightful episode, Rodney E. Hood, Eleventh Chairman and Current Board Member of the National Credit Union Administration, shares his perspectives on the evolving landscape of credit unions and the importance of leveraging fintech partnerships to stay relevant in today's fast-paced financial environment. He touches on the importance of mergers, effective regulation and establishing dynamic partnerships with fintechs.

Key Takeaways:

[03:19] Rodney discusses his regulatory philosophy, emphasizing the need for regulations to be effective and not excessive.

[16:20] The crucial role of fintech in ensuring the vibrancy, reliability and value of credit unions in the current economy.

[20:40] Rodney advises credit unions to identify member credit needs quickly through fintech partnerships.

[22:41] The distinctiveness of credit unions from banks and the importance of maintaining trusted relationships.

[23:37] Rodney credits some of the outstanding loan growth in credit unions to successful fintech partnerships.

Resources Mentioned:

Rodney E. Hood - https://www.linkedin.com/in/rodneyhood1/

National Credit Union Administration - https://www.linkedin.com/company/ncua/

Automated Cybersecurity Examination Toolkit - https://ncua.gov/regulation-supervision/regulatory-compliance-resources/cybersecurity-resources/acet-and-other-assessment-tools

MERIT - https://ncua.gov/regulation-supervision/examination-modernization-initiatives/enterprise-solution-modernization-program/modern-examination-risk-identification-tool

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#CreditUnion #Lending #Fintech