Hood Asks Senate Banking Committee to Extend CLF Changes

During his testimony before the Senate Banking Committee, National Credit Union Administration Chairman Rodney Hood said the Share Insurance Fund remains strong and that the Central Liquidity Facility changes that are set to expire at the end of the year need to be extended. He said the CLF needs the increased borrowing authority to continue dealing with the economic problems arising from the pandemic.

Toeppe Named NCUA Director of Examination and Insurance

Myra Toeppe has been named director of the Office of Examination and Insurance at the National Credit Union Administration, agency chairman Rodney Hood announced Monday. “Myra brings a wealth of management and financial supervision experience to this important position,” Hood said. “She has a passion for public service and has spent her career promoting the safety and soundness of financial institutions.” Toeppe has been serving as the office’s director in an acting capacity since March 2020. She has nine years of experience with the NCUA and 25 years of experience with the Office of Thrift Supervision and the Federal Home