CUNA News

Topics

Compliance: CECL implementation delay made official by FASB

NCUA updates simplified CECL Tool for March 31

NCUA released the March 2023 update of its Simplified CECL Tool. For credit unions that started using the Simplified CECL Tool in the first part of 2023, this release is to determine the credit loss expense from the date of adopting CECL until March 31, 2023.

Policy & Issues

CUNA outlines FY24 credit union federal budget priorities

CUNA wrote to the House Budget Committee outlining several credit union appropriations priorities for fiscal year 2024, noting credit unions are the types of community lenders that are suited to meet the needs of members and communities.

CU System

Kenyon: S. 2155 has allowed communities to thrive

The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) is being wrongfully blamed by some for recent bank collapses, Montana's Credit Unions President/CEO Tracie Kenyon wrote in The Independent Record this week.

Policy & Issues

Bill would establish ‘appropriate compliance timeline’ for section 1071

CUNA wrote in support of legislation to establish an “appropriate” compliance timeline for the CFPB's section 1071 rulemaking.

Policy & Issues

CUNA calls for appropriate funding for international CU priorities

CUNA wrote to members of House and Senate Appropriations subcommittees in strong support of FY2024 funding levels for several international credit union priorities, including the Cooperative Development Program and Credit for Agriculture producers' Technical Assistance Project.

Policy & Issues

CUNA calls for CDFI, CDRLF, FinCEN funding in FY24

CUNA wrote Congressional appropriations leaders in support of several credit union priorities this week, including the CDFI Fund, NCUA's Community Development Revolving Loan Fund, and increased funding for Treasury's Financial Crimes Enforcement Network.