CHARLOTTE, N.C. — Speaking at one of NCUA's Small Credit Union Workshops, Vice Chairman Rodney Hood announced that he planned to hold a second Risk Mitigation Summit next year in Charlotte, N.C.

“I look forward to hosting a summit in 2008 focused upon risk mitigation for small credit unions,” Hood stated. “I have been a leading advocate for credit unions to adopt the most current and sophisticated risk mitigation techniques. I realize this is easier to do for larger credit unions, which have more resources.”

“Credit unions are making a positive impact on their surrounding communities, but constant advancement does not happen without strong leadership, vision and commitment,” he added. As industries grow and technology advances, credit unions must be prepared to meet such constant progress, the vice chairman said. Communication and collaboration are essential to success in the fluid financial services marketplace.

Hood promised more details for his Risk Mitigation Summit at a later date. He held one in Washington, D.C. early this year.

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