NCUA staff Thursday presented a high-level snapshot of the steps the agency must take to authorize credit union use of supplemental capital, demonstrating a clear interest in deepening its investigation of a potential proposal.
Increased efficiency, security, and speed. These are the primary benefits credit unions could realize by developing a network based on blockchain. Rich Meade, CUNA chief operating officer, presented the possibilities for credit unions at America’s Credit Union Conference Wednesday.
The Cornerstone Credit Union League unveiled a multi-state awareness campaign Tuesday that aims to bring new members into the movement by communicating the benefits of credit union membership. The league and CUNA have committed to working collaboratively as both of their awareness initiatives progress.
Last month, Gary Fisher, senior recruiter at the Atlanta-based Delta Community CU, was joking about a student from Delta’s apprentice program one day becoming president/CEO. But Fisher quickly stopped himself because, really, is it all that far-fetched, considering where the program has already taken many of its participants?
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.
Credit unions now have less than six months to come into compliance with FinCEN's Customer Due Diligence rule, effective May 11, 2018, which includes provisions on identifying the beneficial owners of legal entity accounts.