(please click ad for more information)

Current News

Relevant Information—For You, By You
Rep. Ed Royce, R-CA

INSURANCE PARITY BILL MOVES FORWARD
updated 11/19/13 10:00 AM
CA Congressmen Support Legislation
The House Financial Services Committee recently passed H.R. 3468, the Credit Union Share Insurance Fund Parity Act. Authored by Rep. Ed Royce, R-Brea, this legislation will extend insurance fund coverage for Interest on Lawyer Trust Accounts (IOLTAs).

Click here to view a video of Royce commenting on H.R. 3468 during a committee meeting.

This bill is the first of many addressing regulatory relief measures for credit unions. As one of the 35 items proposed by the Credit Union National Association (CUNA) at a hearing earlier this year, the legislation is one of the smaller—yet significant—victories for credit unions.

"In Congress, small victories lead to larger congressional wins," said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. "We thank Congressman Royce for his support of credit unions."

H.R. 3468 will now head to the floor of the House where it will be scheduled for consideration. Royce was joined by Reps. Brad Sherman, D-Sherman Oaks, and Gary Miller, R-Redlands, as initial co-sponsors of this legislation.

If you have any questions, please contact Jeremy Empol at jeremye@ccul.org for more information.

 
print   email   share   share   share

ENTER THE 'WE OWN OUR BANK' CONTEST updated 08/31/14 03:36 PM
Submit your favorite summer photo
Don’t miss out on the chance to participate in the "We Own Our Bank" summer photo contest and win an iPad Mini!

ASI: NO SPECIAL ASSESSMENT FOR 2014 updated 08/29/14 08:40 AM
Performance Offsets Charge
Dennis Adams, CEO of American Mutual Share Insurance Corp. (ASI), announced to member credit unions that there would be no Special Premium Assessment (SPA) in 2014 by the nation’s private share insurer.

SAN MATEO CU CEO TO RETIRE updated 08/29/14 04:49 PM
Barry Jolette Served 27 Years
San Mateo CU CEO Barry Jolette will retire after 27 years of service. He has demonstrated a close dedication to the credit union movement through his various leadership roles on local, national, and international levels.

NCUF RELEASES ANNUAL REPORT updated 08/29/14 02:44 PM
Activities From Last 12 Months
The National Credit Union Foundation (NCUF) released its 2013-2014 Annual Report, entitled “Improving People’s Financial Lives through Credit Unions.” The report highlights the organization's program and grant activities during the past 12 months.