The National Credit Union Administration (NCUA) released updated guidance this week for addressing interest rate risk (IRR). The agency will also be hosting a webinar outlining these updates.

The California and Nevada Credit Union Leagues have worked directly with the NCUA to advocate for this updated guidance.

"We especially want to highlight our work with NCUA Chairman Todd Harper, who spoke at the Leagues’ Shapiro Summit in August," said Lisa Quaranta, vice president of regulatory advocacy for the Leagues. "Addressing IRR was at the top of the agenda during our discussion with the chairman."

The Leagues' advocacy team has also been in discussions with the NCUA for the past few months, knowing this was a pressing issue for credit unions.

Additionally, credit union leaders and the Leagues will be following up with Harper in two weeks at the annual "Hike the Hill" gathering in Washington, D.C.

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