CUNA Chief Economist Mike Schenk recognized NCUA’s continuing improvements in its budget process Wednesday while presenting at NCUA’s budget briefing. The NCUA’s proposed 2019 operating budget is $304.4 million.
Credit Union Legislative Action Council, the federal PAC of CUNA, is launching its first round of independent expenditures for the 2018 midterm election cycle. The IEs are being launched in various stages throughout the week.
CUNA wrote Monday in support of a bill it says provides a “much needed and long overdue” modernization of Bank Secrecy Act (BSA) reporting thresholds, the Financial Reporting Threshold Modernization Act.
CUNA launched its “Credit Unions Vote” campaign, featuring a a website where credit union members can check their registration status, register to vote, participate in early voting, and find their polling place.
A change to the tax status of large credit unions will impact small credit unionsl, Freedom CU President/CEO Ken Payne wrote Friday, saying it would be harder for his credit union to exist without large credit unions.
Finding its niche is the way to success for small credit unions, wrote Gary Parker, chair of CUNA’s Small Credit Union Committee in Credit Union Times naming several credit unions who have shaped their strategy with a clear focus.
CUNA continued its push for Military Lending Act clarity for credit unions Thursday with a letter to the Department of Defense continuing the call for the withdrawal of Question and Answer 2 MLA guidance.
CUNA has partnered with the Georgia Credit Union Affiliates to file a brief Tuesday supporting Family First CU, which has been sued by a plaintiff alleging website noncompliance with the Americans with Disabilities Act.
CUNA wrote in support of a Senate bill designed to standardize regulatory guidance Tuesday, thanking Sen. Orrin Hatch (R-Utah) for introducing the Give Useful Information to Define Effective (GUIDE) Compliance Act.