Organizations Involved: Environmental Defense Fund, Institute for Policy Integrity
Source: National Credit Union Administration
These comments were submitted to the NCUA in response to its request for information on current and future climate and natural disaster risks to federally insured credit unions, related entities, their members, and the National Credit Union Share Insurance Fund. EDF and IPI support the NCUA’s intention to promote safety and soundness by developing guidance, reporting requirements, and other regulatory actions as appropriate to bolster credit unions’ management of climate-related financial risk. These comments recommend that the NCUA move expeditiously and in coordination with other regulators working to address climate-related financial risk, and offer recommendations for doing so.