NCUA urges credit unions to comment on climate-related risks, regulation

The NCUA is seeking comments from credit unions on current and future climate and natural disaster risks.

The NCUA Board approved a request for information seeking comments on current and future climate and natural disaster risks to federally insured credit unions, related entities, their members and the National Credit Union Share Insurance Fund at its on April 20 board of directors meeting.

Specifically, the agency is seeking input to help strengthen its ability to identify and assess credit unions’ current and future climate and natural disaster risks. The NCUA is also seeking stakeholder comments on opportunities to enhance its supervision and regulation of each regulated entity’s management of risks.

Instructions on how to submit comments can be found here, and will be accepted until June 26, 2023.

Ann Hynes caps off 30-plus-year career with retirement

New York Credit Union Association staff help Ann Hynes, center, past board chair and CEO of SPX FCU, celebrate her retirement. From left: Ed Kovalefsky, chief financial officer; Marge Kazz, engagement consultant; Laurie Moore, director of executive affairs; and William Mellin, president/CEO.

Ann Hynes, past New York Credit Union Association board chair and CEO of Rochester-based SPX FCU, is retiring April 28 after a three-decade career.

Hynes has served on the Association Board for 16 years, from 2007 until her retirement. She was Chair from 2019–2021, and also held the positions of vice chair, secretary and treasurer. She has also served on the Association’s executive and governmental affairs committees. Hynes has worked at SPX FCU for over 30 years, during which time she has helped countless members reach financial success.  

“The Association has been extremely fortunate to have had benefited from Ann Hynes’ extensive leadership experience and knowledge over the years,” said William Mellin, Association president/CEO.  “The ultimate credit union professional and leader, Ann has been a tremendous asset not only to the Association, but the entire New York credit union movement and the members they serve. We wish her all the best in her much-deserved retirement.”

Mellin was among many of Hynes’ credit union colleagues, family and friends who attended her retirement celebration on April 14.