Jan 11 2010 18 mins 1
What are the key risk management challenges for the nation's credit unions, and how can they best meet them? Wendy Angus, Director of Risk Management at the National Credit Union Administration (NCUA), discusses:
The biggest risk management issues facing credit unions today;
How credit unions can overcome these challenges;
Advice to institutions looking to improve their approach to risk management.
Prior to joining NCUA in 1996, Angus worked as an examiner with the Office of Thrift Supervision and an auditor in the securitization and asset sale operation at the Resolution Trust Corporation. During her 13 years at NCUA, she has played many roles within the agency. Beginning December 14, 2009, she became the Director of Risk Management in the Office of Examination and Insurance. In this position, she serves as the primary caretaker of the National Credit Union Share Insurance Fund, oversees administrative action nationwide, quarterly call report data collection and analyses, and works with the regional offices to resolve our agency's largest problem case credit unions.
