Rodney Hood

Member, NCUA Board of Directors

January 22, 2021 NCUA 0

INFO, BACKGROUND ON RODNEY E. HOOD (NCUA Board Member)

BIRTH DATE
POSITION	Member, National Credit Union Administration (NCUA) Board (nominated Jan. 17, 2019 for six-year term ending Aug. 2023; Senate Banking Cmte. confirmation hearing Feb. 14, 2019. Confirmed by Senate March 14, 2019. Designated chairman by President Trump April 8, 2019. Succeeded by Todd M. Harper, designated chairman by President Biden Jan. 25, 2021)
EDUCATION	B.A., business administration, communications, political science; University of North Carolina (Chapel Hill)
EXPERIENCE	Government 2005-09: Member, NCUA Board (vice chairman) Associate Administrator, Rural Housing Service, U.S. Department of Agriculture Other Corporate responsibility manager, JPMorgan Chase and Co. National Director, Emerging Markets, Wells Fargo Division Manager, Community Development Lending, Wells Fargo Community Reinvestment Act (CRA) Officer, Bank of America Executive, North Carolina Mutual Life Insurance 2013-17: Member, Board of Governors, University of North Carolina College System

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Delinquency rates for some commercial real estate (CRE) loans and some consumer loans have increased to above pre-pandemic levels, and banks have boosted the allowance for credit losses in anticipation of further deterioration in asset quality, according to a supervision [...]
CLF’s 2025-26 budget, share insurance fund update slated next Thursday

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The budget for the agency’s liquidity facility for credit unions is slated for action during the Nov. 21 open meeting of the National Credit Union Administration (NCUA) Board, which will also receive a credit union share (deposit) insurance fund briefing. [...]
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A Virginia firm must pay $3 million for illegally taking millions of dollars from more than a half-million accounts and blocking money transfers to consumers who are incarcerated, according to charges made public by Thursday by the federal consumer financial [...]
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Small FL credit union conserved

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The $59 million-in-assets Alliance Credit Union of Florida, Gainesville, Fla., was conserved last week by the state’s financial regulator, with the National Credit Union Administration (NCUA) named conservator. No specific reason for the conservatorship was provided in the NCUA’s evening [...]
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Republic First Bank became “critically undercapitalized” in April – which a dysfunctional board and management team exacerbated, ultimately leading to the bank’s failure, according to the material loss review published Wednesday by the federal insurer of bank deposits. The report, [...]
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An alert to help financial institutions identify fraud schemes targeting them and that are associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools was issued Wednesday by Treasury’s financial crimes enforcement arm. The Financial Crimes [...]

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