The NCUA board has announced its meeting schedule for 2019. The open board meetings are generally held at 10 a.m. (ET) at the agency’s Alexandria, Va. headquarters, and video is live streamed on NCUA.gov.

CUNA strongly advocated against efforts to have the Office of the Comptroller of the Currency recommend that the Community Reinvestment Act be expanded to apply to credit unions in a letter written Tuesday.

CUNA offices in Washington, D.C. and Madison, Wis. Will be closed Thursday, Nov. 22 and Friday, Nov. 23 in observance of the Thanksgiving holiday. There will be no Daily e-mail during those days.

As both 2018 and the 115th Congress wind down, CUNA will pursue several credit union priorities, and is working closely with new and returning members of Congress to set up its advocacy agenda for next year.

Jackson County Teachers CU, based in Marianna, Fla., helped the community recover from the massive damage inflicted by Hurricane Michael.

FASB has officially issued an update to its CECL standard, delaying implementation for credit unions for fiscal years beginning after December 2021. CUNA strongly pushed for the delay for help credit unions come into compliance.

Senate Majority Leader Mitch McConnell (R-Ky.) filed cloture Thursday on several nominations, including Kathy Kraninger to lead the Bureau of Consumer Financial Protection, setting up a Senate vote on confirmation for the week after Thanksgiving.

CUNA, after being approached to support HUD FCU’s leadership training program, will supply the credit union with two scholarships in 2019. CUNA was on hand at HUD FCU Thursday to see the credit union receive a $10,000 grant from NCUA.

CUNA applauds the Federal Housing Finance Agency efforts to address investor concerns surrounding the Uniform Mortgage-Backed Security before the security is launched in the to-be-announced market on June 9, 2019. 

CUNA welcomes the Federal Housing Finance Agency’s efforts to adopt strong capital requirements, but has concerns about the lack of analysis of the impact on the cost of conventional mortgage credit in the primary market.