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.
More than 5,000 credit union advocates will gather in Washington, D.C. for CUNA Governmental Affairs Conference, March 10-14, 2019. CUNA GAC is the credit union industry’s largest event, and more information is available at cuna.org/gac.
CUNA recognized the improvements proposed by the Financial Accounting Standards Board in its CECL standard, CUNA wrote in response to a FASB proposal that would make several CUNA-backed changes to the standard.
National Credit Union Foundation Executive Director Gigi Hyland appeared on CUBroadcast to talk about the connection between health and financial well-being and the Foundation’s white paper, “Health and Financial Well-being: Two Good Things that Go Better Together."
It was a busy week in Washington, D.C. for credit unions, as five credit union leagues representing nine states came in for Fall “Hike the Hill” visits to discuss credit union issues with legislators and regulators.
The House Financial Services Committee advanced two CUNA-backed bills at its Thursday markup, bills covering compliance consistency and data security. CUNA wrote in support of both bills prior to the markup.