Links in “Credit Unions”
- CU Purchases Bank
Bank in Georgia purchased by Alabama credit union, the fifth purchase of a bank by a credit union in the past two years. [5/29]
- Cybersecurity: Separating Facts from Myths
Attendees at this yearâs Info Security Conference in Las Vegas were schooled on the top five most important lessons to be learned about cyber security, some of which debunk existing myths. For example, speakers advised that employees are your biggest security threat, that members are your best line of defense, and why the âhumble logâ should be your security cornerstone. [5/28]
- Forecasters Predict Declines in Purchase Mortgages
Credit unions that are expecting to see an increase in their purchase mortgages are likely to be disappointed. According to the Mortgage Bankers Association, it is estimated that purchase mortgages will decline by $31 billion in 2014. [5/28]
- What’s Next for RBC Rule Proposal?
NCUA has received 1,100 comment letters in response to its risk-based capital rules. Here's what's next. [5/28]
- The Naughty List
A list of the 104 credit unions that missed the Call Report filing deadline. [5/28]
- Newt Gingrich Calls RBC Proposal âExtraordinarily Troublingâ
Former House Speaker Newt Gingrich, who worked on amending the Federal Credit Union Act in 1998 says Congress never intended for well-capitalized credit unions to be held to a higher risk-based capital ratio that adequately capitalized credit unions. Under the proposed rule, adequately capitalized credit unions would be required to maintain a minimum risk-based capital ratio of 8.0%, while well-capitalized credit unions would have to maintain a minimum risk-based capital ratio of 10.5. [5/27]
- Virginia CU Fails; 5th Failure of 2014
Life Line Credit Union of Richmond, VA, with 2,076 members and assets of $7.9 million, becomes the fifth credit union to fail this year. [5/27]
- Late? You Could be Fine(d)
The National Credit Union Administration started assessing civil money penalties for the late filing of 2014 first-quarter Call Reports. After investigating any mitigating factors, the NCUA will send letters to late filers describing the penalties to be assessed. This will be the first time civil money penalties will be charged for late filing of Call Reports. [5/23]
- NCUA OKs Field of Membership for Proposed Players Choice FCU
NCUA has given approval to the proposed field of membership for a planned new credit union, Players Choice Federal Credit Union. Players Choice FCU will be the first credit union chartered to serve professional sports industry. [5/23]
- Closer Look at Associational Common Bonds
The final portion of the NCUA's proposal on common bonds would make the process for adding some associational groups easier. Here's a look at the proposal. [5/23]
