CUNA issued a letter urging House leadership to Title XVII of the House Amendment to S. 488, the JOBS and Investor Confidence Act of 2018, which would delay the risk-based capital rule recently finalized by NCUA.
CUNA joined other trade associations in sending a letter to House leaders urging the adoption of an amendment to the Financial Services and General Government appropriations bill to prohibit the U.S. Postal Service from providing banking services.
One of CUNA’s board members has recently ceased to be employed by a District 3, Class A credit union and is therefore ineligible to continue service in that position. The CUNA board of directors has agreed to hold a special election to fill that position, which will expire at the adjournment of the Annual General Meeting in 2021.
The Northwest Credit Union Association reports that its member credit unions have taken advantage of the NCUA’s Community Development Revolving Loan Fund to provide needed services to their memberships.
Young members deposited more than $15 million in their accounts in April during National Credit Union Youth Month’s savings challenge. Results were reported by 145 credit unions who participated in the challenge, sponsored by Fiserv and CUNA.
Credit union professionals gained a thorough education on the Bank Secrecy Act and other anti-money laundering laws while attending CUNA Bank Secrecy Act Certification Conference in alliance with NASCUS.
The CUNA Technology Council and CUNA Operations & Member Experience Council have opened nominations for their 2018 awards programs. Both councils will present their awards at the co-located CUNA Technology Council Conference and CUNA Operations & Member Experience Council Conference, Sept. 12-15 in San Francisco.
CUNA presented the Bureau of Consumer Financial Protection with a comprehensive white paper, “CUNA's Common-Sense Reforms to Bureau of Consumer Financial Protection Rules and Procedures,” Tuesday, as part of CUNA’s continued advocacy efforts in the wake of S. 2155 being signed into law.
CUNA has recently become aware of a website and social media advertisements that appear to be sponsored by a class action law firm inviting credit union members to contact the firm if they have been charged an overdraft or non-sufficient funds fee in connection with the use of a debit card.