|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!
THREE TOPICS SHAPING ‘GAC’ THIS YEAR updated
03/02/15 05:08 PM
Data Security Will Top GRR
Next week the Credit Union National Association’s 2015 Governmental Affairs Conference (GAC) will kick off in Washington D.C.—a conference that, unlike others, is focused on bringing the credit union message to Congress and the administration.
EVANGELICAL CHRISTIAN CU CEO RETIRIN updated
03/02/15 04:20 PM
Holbrook Served For 36 Years
Evangelical Christian CU's Mark Holbrook will retire in May after 36 years as CEO. He is widely acknowledged for growing the 50-year-old institution to an alliance of more than 11,000 members and ministries in 130 countries.
ROYCE REINTRODUCES MBL CAP BILL updated
03/02/15 03:31 PM
Raises Limit to 27.5 Percent of Assets
Today, Congressman Ed Royce (R-CA) reintroduced legislation raising the member business lending (MBL) from 12.25 percent to 27.5 percent of assets.
CUs LEND UNIQUE VOICE TO NEWS MEDIA updated
03/02/15 02:55 PM
Stories Garner Spotlight in CA, NV
Only two months into 2015, local news media across California and Nevada are highlighting credit unions’ positive impact on their communities as the economy continues strengthening and the industry seeks how it can uniquely serve members.
VETERANS MBL BILL INTRODUCED updated
02/27/15 01:27 PM
Service Member Loans Exempt From Cap
This morning, Reps. Julia Brownley (D-CA) and Jeff Miller (R-FL) introduced H.R. 1133, legislation that will help the nation’s veterans establish themselves as small business entrepreneurs. With many service members already credit union members, this new bill would exempt small business loans issued to veterans from the member business lending (MBL) cap.
CUs TESTIFY ON FIN. LITERACY updated
02/25/15 10:50 AM
Nat'l. CU Foundation Speaks at FLEC
Gigi Hyland, executive director of the National Credit Union Foundation toured the movement's dedication to youth financial literacy today in a presentation to the U.S. Treasury's Financial Literacy Education Commission (FLEC).
WINE AUCTION RAISES RECORD AMOUNT updated
02/24/15 10:27 AM
More Than $1 Million for Children’s Hospitals
More than $1 million was raised for 11 Children’s Miracle Network Hospitals in California and Nevada during the annual Credit Unions for Kids Wine Auction last Friday night—a record amount in the event’s 10-year history.
REACH INNOVATION GROUP KICKS OFF updated
02/23/15 03:15 PM
Two-Day Discovery Experience
The California and Nevada Credit Union Leagues’ REACH Innovation Group officially launched last week with a two-day experiential learning session, immersing the 17 participants in the Filene Method of Innovation.
CONGRESSMEN VISIT CA, NV CU LEADERS updated
02/23/15 01:53 PM
Plus, Nevada HOA Super Lien Update
Two members of Congress visited credit unions in California and Nevada last week during the President’s Day district work period.
NCUA APPROVES 'SMALL CU' PROPOSAL updated
02/20/15 03:17 PM
Plus: Reg Burden Examples Needed
A proposal to amend the Regulatory Flexibility Act (RFA) definition of “small entity” was approved during last week’s National Credit Union Administration (NCUA) board meeting, which would increase the asset threshold definition of “small” federally-insured credit unions from $50 million to $100 million.
CUNA PLEDGES $1M TO MUSEUM updated
02/18/15 04:23 PM
Sponsors ‘Legacy Campaign’
The Credit Union National Association (CUNA) has pledged $1 million toward America’s Credit Union Museum Legacy Capital Campaign to help ensure the rich history of the credit union system is preserved.
LONGTIME CU LEADER PASSES updated
02/17/15 10:41 AM
Larry Sharp—Advocate and Volunteer
Longtime credit union advocate and former Arrowhead Credit Union CEO Larry Sharp passed away on Monday morning, leaving a 45-year legacy of volunteerism and leadership within the California credit union movement and the local Inland Empire community. He was 72.
CO-OP TO BUY COVERA SOLUTIONS, INC. updated
02/13/15 02:11 PM
Enters Agreement with NY CU Assoc.
California-based CO-OP Financial Services has signed a letter of intent with the New York Credit Union Association (NYCUA) to purchase the association's subsidiary, Covera Solutions, Inc. The purchase is expected to be completed by the end of the first quarter. Covera provides 248 credit unions with credit, debit, ATM, and prepaid cards solutions.
NEVADA CHAIRMAN ADDRESSES COMMITTEE updated
02/12/15 10:44 AM
Urges Reducing Reg., Leg. Burden
During a hearing in front of the Senate Banking Committee last week, Nevada Credit Union League Chairman and Greater Nevada CU CEO Wally Murray addressed 191 regulatory changes handed down to financial institutions from three dozen federal agencies since January 2008.
CO-OP RE-LAUNCHES MOBILE BANKING APP updated
02/11/15 09:09 AM
P2P Payments, Remote Check Deposit
CO-OP Financial Services is re-launching CO-OP Mobile, its mobile banking application, which now features optional real-time, person-to-person payments, and remote check deposit.
CUs POST IMPRESSIVE GAINS IN 2014 updated
02/09/15 10:20 AM
Membership, Loan Portfolios Up
In 2014, the credit union industry experienced impressive membership and operational success, suggesting Americans are starting to recognize the value proposition of credit unions and are utilizing their products and services.
CEO TO TESTIFY ON BANKING COMMITTEE updated
02/09/15 02:06 PM
Regulatory Relief, MBL, Supplemental Capital
Wally Murray—chairman of the Nevada Credit Union League and CEO of Greater Nevada CU—will be testifying at a hearing before the U.S. Senate Banking Committee on regulatory relief for credit unions this coming Thursday morning.
NV LEADERS MEET WITH STATE LAWMAKERS updated
02/09/15 01:33 PM
HOA Lien Foreclosures Discussed
Delegates from credit unions throughout Nevada descended upon the state capitol in Carson City on Feb. 4 for the Nevada Credit Union League’s 2015 Government Relations Rally.
CATALYST: PARTICIPATIONS CLEAR 100M updated
02/06/15 11:55 AM
California CUs Included in Deals
Since launching earlier in 2014, the Catalyst Corporate FCU loan participation program has helped 41 credit unions buy and sell more than $100 million in loans, closing five deals in less than one year.
LEAGUE OVERDRAFT SURVEY POSTED updated
02/05/15 11:38 AM
View Results and Final Report
During CEO roundtable discussions last summer, it was decided the California and Nevada Credit Union Leagues must take a proactive approach regarding likely rulemaking by the Consumer Financial Protection Bureau (CFPB) on overdraft programs.
OIL'S DECLINE PUTS CUs ON THE ALERT updated
02/04/15 02:09 PM
California Members Face Varying Impact
Credit unions headquartered in the heart of California’s largest oil-producing counties are bracing for members in need of financial assistance as the recent spill in oil prices puts a dent in local commerce and employment.
RMJ CREATES NEW ADVISORY COMMITTEE updated
02/03/15 09:19 AM
Plus, Designation of Excellence for CUs
The Richard Myles Johnson (RMJ) Foundation has a new advisory committee that will provide advice, guidance, and active support of the Foundation’s initiatives, including Bite of Reality—a hands-on simulation program that teaches budgeting skills to young people.
WORLD COUNCIL YOUNG CU PEOPLE updated
02/02/15 03:25 PM
Nominate a Professional Today
The World Council of Credit Unions is now accepting nominations for the World Council Young Credit Union People (WYCUP) scholarship program, an international networking and educational opportunity for promising credit union leaders.
CLARK COUNTY CU CEO TO RETIRE updated
01/29/15 10:54 AM
Wayne Tew Served 29 Years at CU
Clark County CU President/CEO and former Chairman of the Nevada Credit Union League Wayne Tew plans to retire this summer after 29 years with the credit union.