ALEXANDRIA, Va. (3/9/16 UPDATED 1:00 p.m.)--CUNA President/CEO Jim Nussle expressed his gratitude to National Credit Union Administration Chair Debbie Matz, who announced today she would step down April 30. Nussle personally talked to Matz immediately following her retirement announcement.
ALEXANDRIA, Va. (3/9/16)--Credit unions interested in more information about how mergers can factor in to growth strategy still have time to register for today’s webinar hosted by the National Credit Union Administration. The webinar, called “Mergers as a Growth Strategy,” is scheduled for 90 minutes, beginning at 2 p.m. (ET) today.
ALEXANDRIA, Va. (3/8/16)--Credit unions are stepping up in a big way for National Consumer Protection Week this week, starting from the industry’s prudential regulator all the way down to credit unions in their local communities.
ALEXANDRIA, Va. (3/4/16)-- Total shares and deposits at federally insured credit unions surpassed $1 trillion in the fourth quarter of 2015, the National Credit Union Administration reported Thursday. The data, based on fourth quarter 2015 call report information, also showed membership in federally insured credit unions hit 102.7 million and that overall share and deposit accounts at federally insured credit unions increased $65.2 billion, or 6.9%, from the end of the fourth quarter ending Dec. 31, 2014.
ALEXANDRIA, Va. (3/4/16)--The National Credit Union Administration this week released guidance on how to comply with changes to the Department of Defense’s Military Lending Act. The guidance, Complying With Recent Changes to the MLA Regulation, was issued as a regulatory alert.
WASHINGTON (3/4/16)--Credit unions can help women and minorities in a number of ways, National Credit Union Administration board member J. Mark McWatters said last week. McWatters, speaking at the Global Women’s Leadership Network breakfast, highlighted the role credit unions play in connecting populations with financial services, as well how they can better provide employment and board membership opportunities to those same populations.
ALEXANDRIA, Va. (2/26/16)--Consumers interested in learning about saving and borrowing at a federally insured credit union now have a new interactive learning tool from the National Credit Union Administration.
ALEXANDRIA, Va. (2/18/16)--The National Credit Union Administration board will vote today on finalizing the agency’s member business lending (MBL) rule, a rule providing much-needed flexibility for credit unions. The proposed rule would completely overhaul the NCUA’s MBL regulation by removing almost all requirements not in the Federal Credit Union Act.
ALEXANDRIA, Va. (2/18/16)--CUNA is seeking comments on the National Credit Union Administration’s five-year draft strategic plan. CUNA will accept comments until March 24. The NCUA’s comment period for the strategic plan ends April 4.
Further CUNA analysis of the U.S. Department of Labor’s overtime rule found minor relief, but CUNA remains concerned about the increased burden on credit unions. Several CUNA-suggested changes were included in the final rule.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.