|L-R: Sharon Lindeman, Vice President of Regulatory Advocacy for the California and Nevada Credit Union Leagues; Rick Metsger, Board Member for the National Credit Union Administration (NCUA); and Lucy Ito, Executive Vice President and COO of the Leagues|
MATZ AND METSGER ADDRESS CU LEADERS
updated 03/03/14 12:59 PM
Risk-Based Capital Proposal Discussed
The California and Nevada Credit Union Leagues hosted exclusive meetings with National Credit Union Administration (NCUA) Board Chairman Debbie Matz and Board Member Rick Metsger during the Credit Union National Association’s (CUNA) 2014 Governmental Affairs Conference last week—both well-attended sessions.
Credit union leaders from California, Nevada, Georgia, Alabama, and Florida heard directly from Matz and Metsger on several topics. Topping the discussion list was NCUA’s current risk-based capital proposal.
Matz acknowledged the proposed examiner authority to impose higher capital requirements for individual credit unions is a concern, and said she welcomes comments from credit unions on this and other components of the proposal.
Metsger also recognized that NCUA needs credit unions’ input on the proposal and said the agency will listen to all comments received. He said there will be changes between the proposed and final rules, and that “there is a lot of work to be done.”
The current comment deadline for the risk-based capital proposal is May 28.
Last week, CUNA and the National Association of Federal Credit Unions (NAFCU) issued a joint letter to NCUA calling for an additional 90 days to comment on the risked-based capital proposal, which would extend the comment period to 180 days.
In conjunction, the Leagues are urging all credit unions to comment on the proposed rule and continue to be prepared to comment by May 28. The Leagues will keep credit unions informed of any deadline changes.
During Monday’s general session at GAC, the Leagues and CUNA announced a partnership to take PowerComment national, empowering all credit unions across the country to take a stand against regulatory burdens.
PowerComment is currently available to all League-affiliated credit unions in California and Nevada and is being piloted by several other credit union leagues. When it is rolled out nationally, it will be available to all CUNA-affiliated credit unions. It is a simple, highly-interactive online tool created by the Leagues in 2013 to help credit unions engage with agencies on key issues. Users have access to the latest regulatory proposals, discussion boards, and most importantly, the ability to submit comment letters directly to regulators.
Visit PowerComment, and make your voice heard!
BIZ KID$ FINANCIAL GRANTS AVAILABLE updated
01/21/15 12:41 PM
Application Deadline is March 31
Promote financial literacy at your credit union and in your community with a Biz Kid$ Financial Education Grant from the National Credit Union Foundation (NCUF). Apply for the grant by March 31, 2015.
IMMIGRANT EVENT ANSWERS QUESTIONS updated
01/20/15 11:41 AM
Los Angeles Councilman Speaks
With President Barack Obama’s recently issued executive order on immigration, something transformative could be in store for credit unions serving immigrant communities—but it’s going to take more knowledge, more action, and a desire to understand the culture and language surrounding this group of individuals.
NCUA's SECOND RBC PROPOSAL updated
01/15/15 10:32 AM
New Draft More Favorable
The Leagues are thoroughly reviewing the National Credit Union Administration’s (NCUA) 450-plus page Risk-Based Capital Proposed Rule in detail to understand its components and potential impact. It seems this second proposed rule is more favorable than its first draft, and that most of our requests were at least partially addressed.
RBC DISCUSSION VIDEO AVAILABLE updated
01/15/15 03:45 PM
Captures Revised Plan
The Credit Union National Association (CUNA) video of today's National Credit Union Administration (NCUA) open board meeting discussion of a new risk-based capital (RBC) plan is now available for viewing.
NCUA PAYS FOR DATA BREACH updated
01/15/15 02:33 PM
Palm Springs FCU Receives Up To $50K
The National Credit Union Administration (NCUA) board has approved payment of up to $50,000 for costs associated with a data breach at Palm Springs FCU late last year.
CO-OP PROCESSED 3B IN 2014 updated
01/14/15 11:04 AM
Sets New Record
CO-OP Financial Services processed more than three billion electronic funds transfer (EFT) and shared branch transactions by credit union members in 2014—an 8 percent increase compared to 2013. This sets a new record for CO-OP.
CUs MEET WITH NCUA, CFPB OFFICIALS updated
01/13/15 09:44 AM
2nd RBC Proposal, Overdraft Discussed
California and Nevada credit union leaders met last week with officials from the National Credit Union Administration (NCUA) and Consumer Financial Protection Bureau (CFPB) to discuss the agencies’ regulatory impact on credit unions.
CO-OP ANNOUNCES THREE PROMOTIONS updated
01/12/15 12:18 PM
New CIO, CMO, and SVP
CO-OP Financial Services has promoted three employees to new positions: Terrence Griffin has been promoted to chief information officer; Samantha Paxson to chief marketing officer; and Connie Trudgeon to SVP of network operations and implementation.
'GAC' AND 'GRR': TWO POWERFUL EVENTS updated
01/12/15 04:37 PM
Your Voice is Needed
The credit union movement needs YOUR voice in Washington, D.C., Sacramento, and Carson City this year as discussions take place on legislative policies that may affect credit unions at the state and federal levels, as well as regulatory issues.
WCMS PRES. RETIRES AFTER 44 YEARS updated
01/09/15 04:44 PM
James D. Likens To Serve Through 2015
Western CUNA Management School (WCMS) officials have announced that Dr. James D. Likens will be retiring from his post as president and CEO of the school at the end of 2015. Likens will continue to direct the school through the end of the year.
CA/NV CUs CAN VIEW RBC DIALOGUE updated
01/09/15 02:26 PM
CUNA to Record NCUA Session
California and Nevada credit unions will have the opportunity view the National Credit Union Administration (NCUA) risk- based capital (RBC) discussion meeting on Jan. 15.
SEN. BOXER NOT SEEKING RE-ELECTION updated
01/08/15 10:22 AM
Served Two Decades in U.S. Senate
In a video announcement earlier this morning, Senator Barbara Boxer (D-CA) stated she will not seek re-election in 2016 when her term expires. Her retirement announcement is not unexpected.
DYKSTRA TALKS LEADERSHIP updated
01/08/15 09:04 AM
California and Nevada Credit Union Leagues President and CEO Diana Dykstra was recently interviewed by CUToday.info to share her thoughts on leadership and management. In this interview, Dykstra talks about communication, working with board of directors, staying relevant, and more.
LEAGUES OFFICIALLY LAUNCH 'PLEXCITY' updated
01/06/15 10:13 AM
Unique Shared-Service Vision
The California Credit Union League, Maryland and District of Columbia Credit Union Association, and New Jersey Credit Union League officially launched Plexcity on Jan. 2—a new shared-services company that will aggregate accounting and finance, human resources, and information technology departments for trade associations across the nation.
CUNA ANNOUNCES REORGANIZATION updated
01/06/15 02:06 PM
Changes to Senior Leadership Team
The Credit Union National Association (CUNA) has announced the reorganization of its senior leadership team in an effort to streamline and better serve the needs and interests of credit unions.
114TH CONGRESS BEGINS TODAY updated
01/06/15 01:43 PM
Leagues Join Aguilar in Swearing-In
Today is the beginning of the 114th session of Congress and the California and Nevada Credit Union Leagues was there to welcome members.
JENSEN JOINS LEAGUES' ADVOCACY TEAM updated
01/05/15 11:29 AM
Will Represent CUs in Sacramento, Carson City
Courtney Jensen has joined the California and Nevada Credit Union Leagues as legislative advocate, where she will support and promote credit unions at the state level.
CMN FUNDRAISING REMITTANCE updated
01/05/15 10:51 AM
Submission Deadline: Jan. 16
If your credit union raised funds for Children’s Miracle Network (CMN) Hospitals in 2014, please submit your funds on or before Jan. 16 to count toward 2014 fundraising totals. Click here to access the form, which includes mailing instructions, along with your fundraising check.
CA CUs GAIN CORPORATE REPRESENTATION updated
01/05/15 10:15 AM
Steve Devan on Catalyst Board
For the first time since the corporate credit union world experienced enormous regulatory changes, a sizeable number of California credit unions are gaining a voice on the board of directors at a large corporate: Steve Devan, CEO of $90-million-asset Grossmont Schools FCU in El Cajon, CA.
NCUA'S MCWATTERS CONFIRMED FOR 'GAC' updated
01/05/15 03:31 PM
Private Session With CU Leaders
The California and Nevada Credit Union Leagues have confirmed a private session with National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters for California and Nevada leaders during the Credit Union National Association’s (CUNA) 2015 Governmental Affairs Conference (GAC).
EVENTS YOU DON'T WANT TO MISS updated
01/02/15 09:03 AM
Top Seven Events of 2015
We all realize how fast time flies, and 2015 will be no exception. Below are the top seven events designed specifically for you our members in 2015.
CUs FEATURED IN MAJOR MEDIA OUTLETS updated
12/31/14 11:04 AM
Substantial Industry Coverage in 2014
In 2014, the industry experienced many exciting developments that were important to California and Nevada credit unions and their members. These advances were documented in several magazine and newspaper articles—helping increase credit union awareness.
WCMS: SHAPING CU LEADERS updated
12/30/14 09:06 AM
Register for 2015 School Year
For more than 50 years, Western CUNA Management School (WCMS) has been shaping credit union leaders from across the country. From 1962 to 2014, more than 3,700 students have graduated from WCMS, including notable leaders such as credit union visionary Richard Myles Johnson, former President and CEO of America First FCU in Utah Rick Craig, and President and CEO of the California and Nevada Credit Union Leagues Diana Dykstra.
LATEST ‘MEMBERS FIRST IN ACTION’ updated
12/24/14 12:12 PM
Q4 Advocacy Highlights
In this Members First In Action update, we recap the fourth quarter and year-to-date benefits extended to your credit union as a valued member of the California and Nevada Credit Union Leagues and Credit Union National Association (CUNA).