Jul 23 2009 15 mins 1
Safety and soundness are issues for financial institutions of all sizes, including federally-regulated credit unions. But basic information security is also a challenge - especially for smaller, under-resourced institutions, says John Kutchey, deputy director of the National Credit Union Administration's (NCUA) Office of Examination and Insurance.
In an exclusive interview, Kutchey discusses:
Top regulatory issues for U.S. credit unions;
Information security challenges that must be addressed;
Key areas of focus for the NCUA looking ahead to 2009.
Kutchey was appointed to his current position in September 2008. As deputy director, Kutchey assists the E&I director to oversee the agency's supervision and examination program, risk management and data collection programs. Kutchey comes to the position after serving as director of Risk Management within E&I.
Kutchey joined NCUA in 1990 as an examiner in Baltimore, Md. During his NCUA career, Kutchey has held numerous positions -- problem case officer, supervisory examiner, director of Supervision in Region II, and director of Risk Management.
