NCUA Officials Open Discussions with
Taiwan Credit Union Group
March 3, 2004, Alexandria, Va. – The National Credit Union
Administration (NCUA) hosted 14 delegates from the Taiwan Cooperative
Association here Tuesday, welcoming members of the Taiwanese
credit union trade group to NCUA for the first time as part of
the agency’s International Visitors Program.
NCUA Chairman Dennis Dollar, Vice Chair JoAnn Johnson and Board
Member Debbie Matz met with the group, as did representatives
from NCUA’s Office of Public and Congressional Affairs,
which administers the International Visitors Program, and the
Office of Examination and Insurance.
“We were pleased to host this working-visit with a delegation
representing the Taiwan Cooperative Association and look forward
to an ongoing dialogue to assist in their efforts to further
develop a safe and sound Taiwanese financial cooperative system,” said
Chairman Dollar.
The International Visitors Program typically hosts about a dozen
such visits each year, said Cliff Northup, director of public
and congressional affairs for NCUA. A group of Kenyan regulators
and parliamentarians will visit the agency March 11 and 12 to
follow up on a successful November 2003 program.
The National Credit Union Administration, governed by a three-member
board appointed by the President and confirmed by the Senate,
is the independent federal agency that regulates, charters and
supervises federal credit unions. NCUA, with the backing of the
full faith and credit of the U.S. government, operates and manages
the National Credit Union Share Insurance Fund, insuring the
savings of more than 80 million account holders in all federal
credit unions and the overwhelming majority of state-chartered
credit unions.
