Links in “CUNA”

The NASCUS/CUNA Cybersecurity Symposium has come to a close and was a big hit with key discussions regarding the new FFIEC cybersecurity tool, vital points about data breaches, and vulnerabilities in the evolving payment system. [8/27/15]

While CUNA is supportive of the NCUA’s proposed MBL rule that will eliminate many of the specific underwriting requirements in the current rule, the association recommends that credit unions have an opportunity to comment on the supervisory guidance issued prior to the finalization of the new MBL rule. [8/26/15]

Regularly ask "How would I steal money from this credit union?" That's one of five key actions credit unions should take to bolster their cybersecurity, according to this presentation at the CUNA/NASCUS symposium. [8/25/15]

NAFCU’s 990 form shows that CEO Dan Berger received a base salary of $455,599, which is a far cry from CUNA CEO Jim Nussle’s base pay of $850,000. A bonus, incentive pay, and deferred compensation brought Berger’s total compensation to $658,934 for 2014. [8/19/15]

The form 990 recently filed by CUNA reveals that President/CEO Jim Nussle’s base salary is $850,000. This is $46,900 higher than the base salary of his predecessor Bill Cheney, who is now the President/CEO of SchoolsFirst Federal Credit Union. [8/18/15]

CUNA has published a comprehensive analysis of the recent amendments to the Military Lending Act, which significantly expands the coverage of the Act and revises its APR calculation. The changes are effective October 1, 2015 and compliance is mandatory by October 3, 2016. [8/11/15]

A CUNA working group of credit union league representatives recently updated the Model Credit Union Act. The Act is a guide to help frame issues and initiate discussions within the credit union system and public policymakers. The updates were adopted to help the act meet current challenges and members' needs. [8/3/15]

CUNA has released its strategic plan for 2015-2017. What’s in it? The main focus is a 360-degree advocacy plan to move toward dedicating 100% of member dues to advocacy efforts. The plan also calls for strong promotions to spread the message about the benefits of credit union membership. What’s not in the plan? There is no mention of the dual membership issue or of the rebranding of CUNA to America’s Credit Unions. [7/30/15]

CUNA has released the 2015-2016 editions of its CUNA Compensation Analytics and CUNA Staff Salary Report.  The reports are based on data provided from 1,300 credit unions from across the country. [7/29/15]

The CFPB is unwilling to exercise exemptions to credit unions, and credit unions are feeling that burden. Now CUNA and NAFCU have come together in letters to Congress saying that it is time to force the CFPB to enact such exemptions. And it looks like Congress is listening. [7/20/15]