California and Nevada's voice in Washington D.C. The Leagues are the only Leagues with a full time staff dedicated to working with Congress, Government Agencies, and Federal Regulators. The resources in this area will help you keep informed of the latest developments and credit union priorities.
State Government Advocacy efforts brings the voice of credit unions to Sacramento and Carson City. Our advocacy team works daily with elected officials, staff, the executive offices, gubernatorial appointees, and the decision-makers of California and Nevada. This area will keep you updated on all advocacy efforts at the state level of Government.
The proposed rule would allow eligible credit unions to hedge interest rate risk—but exactly how the derivatives rule will impact credit unions has created an air of skepticism.
To assist you in understanding the proposed rule and its potential impact, the California and Nevada Credit Union Leagues are inviting executives and other professionals to watch an extremely relevant archived webcast, Derivatives Defined and NCUA's Proposed Rules. The presenter, Joe DeMichele, vice president of institutional sales for D.A. Davidson & Co., discusses the topic of derivatives and why the proposed rule is pertinent to credit unions.
NCUA's proposal introduces the concept of pay-to-play, not only with application fees for those credit unions choosing to apply for derivatives authority, but also with how the NCUA will recover increased monitoring and supervision costs.
The webcast requires a log-in; however, there is no fee. The webcast is complimentary and provided to help inform you of this important NCUA proposed rule. By viewing this archived webcast, you'll have the opportunity to:
"Whether or not your credit union is eligible for derivatives authority under this proposed rule, it is essential that you know all the facts, as you may share the cost burden," said Sharon Lindeman, vice president of regulatory advocacy for the Leagues. "We encourage you to view the webcast, get the information you need, and submit your comments to the NCUA through PowerComment.org."
After viewing the archived webcast, visit PowerComment.org today to let your voice be heard!
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