(please click ad for more information)

What's New?

At the Leagues

The Leagues

California & Nevada

Current News

Relevant Information—For You, By You

CONGRESS DRAFTS RBC COMMENTS TO NCUA
updated 04/23/14 03:41 PM
Signatures Being Gathered
In the latest effort to address the National Credit Union Administration’s (NCUA) pending rule on risk-based capital, members of Congress are now interested in sending their own comment letter.

“Sending their own version of a comment letter is one of the strongest tools for members of Congress,” said Jeremy Empol, vice president of federal government affairs for the California and Nevada Credit Union Leagues. “When legislation is not an option, members of Congress joining together to raise concerns is a pretty common practice, which in turn demonstrates to regulators that Congress is doing its job and carefully watching.”

The letter is currently being drafted while additional signatures from members of Congress are gathered. Typically, between two and 200 legislators will sign such a letter.

Specific concerns outlined in this letter address: 1) the disparity in the rule between how community-based financial institutions are treated; and 2) the implementation time for the rule to go into effect.

The Leagues and Credit Union National Association (CUNA) will announce the final letter when it is completed sometime before the comment period closes.

As the letter moves through the process, the Leagues may be calling on various credit unions that have key relationships with member of Congress to ask for their support.

If you have questions, please contact Jeremy Empol at jeremye@ccul.org.

Credit unions are encouraged to send their own comments letters through PowerComment.org, the Leagues’ regulatory grassroots tool. Comments are due to the NCUA by May 28.

 
print   email   share   share   share

SUPP. CAPITAL FOR RBC GAINS ADVOCATE updated 12/16/14 11:04 AM
McWatters Supports Model for CUs
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters recently said he supports including a supplemental capital provision in the agency's risk-based capital (RBC) rule to help credit unions meet the rule’s requirements.

CU DIRECT TO DONATE 20K TO CMN updated 12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.

NCUA MAY BE LIABLE FOR DATA BREACH updated 12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.

PREPARE FOR HEALTH CARE REQUIREMENTS updated 12/16/14 09:42 AM
Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!