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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.

PowerComment Announcement
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!

 
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NV LOAN GROWTH: PRE-RECESSION LEVELS updated 08/19/14 12:28 PM
California Lending Almost Doubles
Industry-wide loan growth at Nevada credit unions in the second quarter nearly hit levels unseen since the same period in 2005—a phenomenon mirroring a positive trend in California and across the nation.

REMOTE DEPOSIT CAPTURE FUNDAMENTALS updated 08/19/14 10:54 AM
Timing, Regs, and Risk Management
Remote deposit capture in home banking and mobile banking is quickly becoming a must-have feature. Although credit unions have many options for how to provide this service, questions abound regarding availability of funds and risk management.

CATALYST LOAN PROGRAM NEARS 50M updated 08/18/14 04:19 PM
California Credit Union Participation
Since its launch a few months ago, Catalyst Corporate FCU’s loan participation program has helped nearly two dozen credit unions—including California credit unions—sell and buy more than $46 million in loans.

CFPB LEADER HEARS OVERDRAFT CONCERNS updated 08/15/14 02:38 PM
Regulatory Issues Discussed
Minimizing the impact of current rules, pending proposals, and contemplated requirements were key themes of a meeting Wednesday between the Credit Union National Association (CUNA) and Consumer Financial Protection Bureau (CFPB).