Following a career in the military, E.C. Williams found his true calling in the credit union movement.
He worked his way up from an entry-level position to become executive vice president/chief operating officer for MacDill FCU (now Grow Financial FCU) and GTE Financial CU, both located in Tampa, Fla. He received the CUNA Lending Council’s Phil Greer Lifetime Achievement Award on Tuesday.
“I discovered I loved the philosophy of credit unions, I loved helping members, and I was passionate about helping other employees strive to achieve their full potential,” says Williams, accepting the award from CUNA Lending Council Chair Bill Vogeney (left) and GTE Financial CU CEO Joe Brancucci (at right).
Since CUNA’s compliance staff compiled a list of changes in mortgage interest reporting under the IRS’s Form 1098, several questions have arisen. CUNA’s compliance staff has been able to connect with a coalition of consumer mortgage lenders to provide answers.
Following its groundbreaking comprehensive study on regulatory burden, CUNA released its new Regulatory Burden Calculator that allows individual credit unions to assess the impact of regulation on their operations.
After months of advocacy by CUNA, the CFPB Thursday wrote to CUNA announcing it will initiate a rulemaking this summer to address issues with the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule.