The National Credit Union Foundation has approved grants totaling $54,000 for three organizations to work with the Center for Financial Services Innovation to develop financial health-related key performance indicators.
CUNA supports an approach to federal credit union bylaws that provides those institutions flexibility to work within the bylaws, as well as an efficient amendments process when deviation is appropriate, CUNA wrote to NCUA Monday.
CUNA President/CEO Jim Nussle appeared as the inaugural guest on “The CUInsight Experience,” a podcast featuring thought leaders from around the credit union community, sharing the latest on CUNA’s advocacy efforts.
FASB will discuss CECL implementation at a public roundtable discussion, likely in January 2019. FASB recently finalized a CUNA-backed delay in CECL implementation, and CUNA continues to maintain the standard is not appropriate for credit unions.
Even before she became part of the credit union movement, Melissa Janssen of Royal CU, Eau Claire, Wis., was passionate about education. In June 2018 she attended the first ever CUNA National Young Professionals Conference.
CUNA is concerned about several recently proposed changes to the Small Business Administration’s regulations pertaining to Express Loans and Affiliation Standards. CUNA sent a letter to the SBA Tuesday on the proposal.
CUNA wrote in support of an amendment to a bill on the Senate floor that would clarify the federal treatment of marijuana in states where it is legal Monday, the text of the CUNA-backed STATES Act of 2018.
CUNA is engaged with several happenings on Capitol Hill this week, including ongoing discussions to fund the federal government and the National Flood Insurance Program. Both are expected to expire at midnight Friday.
NCUA announced that it and six state credit union regulators will launch an alternating examination pilot program for a select group of federally insured, state-chartered credit unions in California, Florida, New Hampshire, Oklahoma, South Carolina and Texas.
Credit unions and leagues from New Jersey and the Dakotas were in Washington, D.C. this week as part of continuing CUNA/league advocacy efforts into the new Congress to discuss several issues of interest to credit unions and their members.
CUNA supports the Federal Reserve developing a real-time payments network, it wrote to the Fed’s board of governors Friday. CUNA sent its comment letter in response to a Fed call for comments on its faster payments proposal.
CUNA joined the National Association for Federally Insured Credit Unions and CUNA Mutual Group Thursday to file a brief in support of NCUA and its FOM rule, which was challenged by the American Bankers Association.
The NCUA board heard the second report from its Regulatory Reform Task Force at its Thursday meeting, one recommendation being that NCUA return to its former practice of conducting rolling three-year reviews.