Links in “Credit Unions”
- New Chair and Board Members for CUNA
Dennis Pierce, President/CEO of CommunityAmerica CU has been elected as the new chairman of the CUNA Board. Pierce succeeds Pat Wesenberg, President/CEO of Central City CU. [2/25]
- NCUA Hosting Financial Literacy Twitter Chat
NCUA is hosting its first ever Twitter chat on financial literacy tomorrow, Wednesday, Feb. 26, at 11:00 am EST, in conjunction with the America Saves and Military Saves Week. Credit unions and consumers can follow @TheNCUA and to contribute to the dialogue using the #NCUAChat hashtag. [2/25]
- Record Crowd in DC for CUNA GAC
4,400 participants have converged on Washington, D.C. to participate in CUNAâs 2104 Governmental Affairs Conference (GAC). Tony Blair, former British Prime Minister, is scheduled to kick off the event this morning. Attendees will be armed with talking points on important issues, such as tax reform, before visiting with their representatives on the Hill. [2/24]
- NASCUS CEO to Retire
After 21 years, Mary Martha Fortney has announced that sheâs retiring. Fortney is a highly regarded industry advocate who was an early supporter of issues, such as secondary capital, expanded fields of membership and member business lending. Her replacement is expected to be named in Q4Â 2014. [2/24]
- Why FinCEN’s Marijuana Business Guidance was DOA
FinCEN was in a tight spot, but what it issued in terms of guidance in dealing with marijuana-related businesses was little help. [2/24]
- Individual Minimum Capital Requirement
NAFCU takes a look at the Individual Minimum Capital Requirements, part of the proposed risk-based capital rule for credit unions. [2/21]
- Proposed Rule Would Ease Voluntary Liquidations
Yesterday, the NCUA Board approved a proposed rule that would ease the administrative burdens on federally-chartered credit unions that decide to pursue a voluntary liquidation. The proposed rule would provide more flexibility and clarity to creditor notices and member account distributions. [2/21]
- NCUA Overestimated and Overcharged Credit Unions $7.6 Billion in TCCUSF Premiums
And thatâs not the worst of it according to Chip Filson in a blistering op ed piece. NCUA acknowledges that it owes credit unions a premium refund in the amount of $1.9 billion, but says it canât pay out the refund until 2021. [2/21]
- Matz Announces Series of âListening Sessionsâ
NCUA Chair Debbie Matz announced three âlistening sessionsâ to be conducted across the country in June and July to allow NCUA Board and senior staff to hear directly from credit unions about their concerns. Each of the three sessions will be open to the first 150 registrants and will take place before NCUA finalizes its proposed risk-based capital rule. [2/20]
- Americans Receive $7 Billion in Benefits Each Year Due to CU Tax Exempt Status
A detailed NAFCU study being sent to Congress today illustrates the beneficial role credit unions play in the U.S. economy. According to the study, all Americans, whether they are credit union members or bank customers, benefit from having credit unions competing in the marketplace by keeping loan rates and fees down and deposit rates higher. [2/20]
