Links in “CUNA”

Attendees of CUNA’s GAC conference in 2014 will have an opportunity to hear Tony Blair, former British Prime Minister, provide his analysis of world events. The conference, which usually draws about 4,000 attendees, will begin on February 23^rd in Washington, DC. [12/17]

After only five months on the job, Chris Johnson is out as president/CEO of the Idaho Credit Union League. Interim president/CEO, Kathy Thomson, could not confirm whether Johnson’s departure was voluntary or not. Before joining the League, Johnson was a former vice president of state governmental affairs with CUNA. [12/16]

In this week’s edition of “The Cheney Report,” CUNA CEO Bill Cheney says that NCUA may be issuing a proposed rule on risk-based net worth requirements as early as January, 2014.  The agency has stated that replacing the existing one-size-fits-all approach with a risk-based approach will better protect credit unions and consumers from loss. [12/16]

The 14^th annual holiday spending survey conducted by CUNA and the Consumer Federation of America (CFA) shows that a higher percentage of consumers say this will spend more this holiday season than they did last year. In fact, they survey results are the strongest since 2006. [12/2]

National Credit Union Administration took several actions during its board meeting last week, including approval of the final Credit Union Service Organization rule. Here is an overview of the new rule. [11/25]

A recent CUNA survey showed that about 60% of the respondents will likely offer fewer mortgage options as a result of the new mortgage regulations scheduled to go into effect in January 2014. About half of the credit unions surveyed indicated that they are undecided about whether they will offer mortgages that do not meet the definition of a “qualified mortgage.” Consumers could be the ultimate losers. [10/21]

Once a hallmark product for CUNA Mutual, credit union paid life savings insurance is being discontinued as a result of declining use. Members holding life insurance policies will be able to convert to a member-paid guaranteed-issue policy. [10/11]

In a letter to the Federal Housing Finance Agency, CUNA argues that lowering the loan limits for FNMA and FHLMC could further restrict liquidity and make mortgages more expensive. [10/10]

CUNA has added a CFPB Mortgage Rules page to the Compliance Resource section of its website. This new resource consolidates a host of information ad tools to assist with compliance with the new mortgage rules and includes eGuides, archived webinars, and Q&As. [9/17]

CUNA Marketing and Business Development Council releases a white paper that warns credit unions not to assume that switching to a community-based charter will means automatic growth. Instead, community credit unions need to identify their niche in their marketplace and develop strategies to promote that niche. [9/13]