Links in “Credit Unions”
- Analysis of NCUA’s Proposed Rule on Risk-Based Capital
30,000-foot level analysis of the NCUA's proposed rule on risk-based capital, as approved during its January board meeting. [1/31]
- New âMyRAâ to Encourage Retirement Savings
In his State of the Union Address, President Obama said he would use his executive authority to create a new type of retirement savings account. The âMyRAâ will allow individuals to contribute as little as $25 for the initial investment and then as little as $5 in ongoing contributions to a maximum of $15,000 or for up to 30 years. [1/30]
- Credit Unions Are Better Positioned Than Banks and Other for Profits to Address IRR
According to Brian Turner, chief strategist for catalyst for Catalyst Strategic Solutions a part of Catalyst Corporate Credit Union, approximately 58% of credit union assets are in cash, short term investments, and vehicle loans, which puts them in a much better position from their counterparts that generally have longer term investments. [1/30]
- Metsger Advocates Chip-and-PIN Technology for Card Security
In his first article for the NCUA Report, new NCUA board member, Richard Metsger, wrote that the current security technology is too vulnerable to security breaches and that the Target breach may bring enough attention to this issue to move the industry towards greater security measures, such as the chip-and-PIN technology. [1/30]
- A Compliance Expedition: Homeownership Counseling and New HOEPA Requirements
With all the new regulations taking effect this month, it can be easy to feel a little lost. AffirmX's Jane Pannier helps you navigate modifications to homeownership counseling and HOEPA requirements. [1/30]
- State of the Union Address Touches on Credit Union Issues
Although President Obama made broad comments about tax code reform, CUNA President/CEO Bill Cheney said that there is no indication that there are any plans to reconsider the tax exemption for credit unions. The President also expressed support for patent reform, which is an issue that is widely supported by credit unions. [1/29]
- DOJ Probes Indirect Relationships with Payday Lenders
NAFCU looks at Department of Justice's "Operation Choke Point," an investigation to determine whether banks allowed third-party processors working with payday lenders to illegally access billions of dollars from consumer checking accounts. [1/29]
- 10 Tips to Improve Examiner Review of Your MBL Portfolio
Examiners are scrutinizing member business loans even more closely than ever. This article contains valuable tips on what you can do to better prepare for your next examination, as well as how to maximize the effectiveness of and earnings from your MBL program. [1/28]
- Competition for Credit Unions from the Post Office?
Credit unions pride themselves on their efforts to bring banking to the unbanked. We may soon have competition from the U.S Postal Service, which is considering expanding its financial services beyond money order and remittances in order to cover huge budget deficits. [1/28]
- NCUAâs Approach to Home-Based Credit Union is Too Heavy Handed
According to CUNA, NCUAâs proposed rule that addresses the risks involved in home-based credit unions is an overreaction to issues that may not be systemic. CUNA recommends that instead of requiring all home-based credit unions to find off-site locations in the next two years, among other requirements, that risk issues with these credit unions be handled on a case-by-case basis. [1/27]
