Credit Union Exam Solutions Presents With Flying Colors From NCUA to America’s Credit Unions: A Roundtable with John McKechnie & Geoff Bacino
Aug 26, 2025
Geoff Bacino, a former NCUA board member under Presidents Clinton and Bush, and John McKechnie, former head of congressional affairs at NCUA, delve into pressing issues facing America's credit unions. They discuss the tumult at the NCUA, including board shake-ups and staff freezes impacting supervision. The implications of a significant Supreme Court case on regulatory appointments are examined. They also explore leadership changes at America's Credit Unions and future CFPB compliance challenges, wrapping up with some light-hearted NFL predictions.
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NCUA Board In Legal Limbo
- The NCUA board situation is legally and operationally chaotic because recent firings and court rulings left seats in limbo.
- Observers expect the Supreme Court's Humphrey's Executor case to determine how quickly the agency returns to stability.
Agency Stability Matters More Than Drama
- Regulators need stability and clarity, and current uncertainty at NCUA undermines that ideal.
- Despite turmoil, basic safety-and-soundness functions appear to be continuing effectively within NCUA.
Staff Cuts Create Long Recovery
- NCUA staff buyouts and hiring freezes have trimmed the workforce dramatically, creating operational strain and loss of institutional knowledge.
- Remaining employees will step up but recovery could take two to three years without active rehiring.