The need for regulatory relief--and credit unions’ continued ability to provide local-based financial services to their communities--were the focus of a meeting with Sen. Jon Tester (D-Mont.) and advocates from 4 Montana credit unions on Thursday.
Virtual lending to millennials will be critical to the future success and sustainability of credit unions, but it’s important to be cognizant of the growing risks posed by expanding online channels and take steps to mitigate them, CUNA Mutual Group’s Jim Bullard told a Discovery Conference audience Thursday.
CUNA Succeeding in Member Sales eSchool will take place consecutive Wednesdays from Aug. 2-23,. Featuring four sessions hosted by Angela Prestil, CUNA business development director, the eSchool provides a comprehensive approach to credit union sales based around member engagement.
CUNA has received two additional nominations for the open Class C CUNA Board seat: from Andrew McGeorge, chief financial officer, Service Credit Union, Portsmouth, N.H. and Lisa Ginter, chief executive officer, CommunityAmerica Credit Union, Lenexa, Kansas.
Attendees of the spring CUNA Regulatory Compliance Certification School in San Antonio earned or recertified the Credit Union Compliance Expert (CUCE) designation. By becoming or recertifying as CUCEs, these 188 designees demonstrated extensive knowledge of the fundamentals of credit union compliance.
Registration is open for CUNA Mutual Group’s 8th annual, daylong Discovery Conference on Aug. 17. The conference brings together experts and credit union leaders to help credit unions prepare for upcoming strategic planning sessions.
Analyzing trends in a range of key operational areas, including regulations, training, compliance and lending, the 2017-2018 CUNA Environmental Scan Report gives credit unions strategic planning guidance for the year ahead.
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
While proposed changes to the CFPB prepaid accounts rule provide some clarity, it will not be helpful for most prepaid card users and CUNA remains opposed to the rule’s application of Regulation Z to certain prepaid cards.