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L-R ("Team Senator Carol Liu" accepts the 2014 Legislative Relay trophy for this year’s Credit Union SacTown Ten-Mile Run): Lynn Lorber, Vanessa Nancarrow, Sen. Carol Liu, and Lenin Del Castillo.

'TEAM LIU' WINS 2014 SACTOWN TITLE
updated 04/30/14 03:06 PM
Legislative Relay Trophy Presented
It came down to fractions of a second in the 2014 Legislative Relay division of the Credit Union SacTown Ten-Mile Run on April 6, where California state legislators and their staff ran in support of local Children’s Miracle Network Hospitals (CMN) alongside credit union leaders, volunteers, and employees.

“Team Senator Carol Liu” clocked in at 1:14:08, barely one second faster than the 2013 title holders, “Team Senator Steve Knight.” This year’s winning team included Lynn Lorber, Vanessa Nancarrow, and Lenin Del Castillo.

Recently, California and Nevada Credit Union Leagues staff shared the good news with the senator. Due to sponsorships of both the Credit Union Cherry Blossom Ten-Mile Run in Washington, D.C. and the SacTown Ten-Mile Run, her local CMN hospital received a donation of more than $34,600 in 2013 and is expected to receive a similar donation in 2014.

The Credit Union SacTown Ten-Mile Run in Sacramento, CA brings together credit unions from across the country with a shared vision of fundraising and helping children. Event proceeds support 170 children’s hospitals belonging to Children’s Miracle Network Hospitals, a non-profit international organization assisting the treatment of millions of children across the United States and Canada.

 
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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.

WEEKLY E-FILING BILL SIGNED INTO LAW updated 08/28/14 02:18 PM
Will Streamline Reports for CUs
California Gov. Jerry Brown has signed Assembly Bill 2298, legislation that will allow financial institutions which hold local agency deposits to submit their weekly reports to the California Department of Business Oversight (DBO) electronically rather than through U.S. mail.

NEW STATE LAWMAKERS SHAPE DIRECTION updated 08/27/14 08:24 PM
California Assembly and Senate
New leadership in California will help form the state’s priorities in the coming years. Here’s what your credit union needs to know:

CFPB ISSUES FINAL 'TILA' ADJUSTMENTS updated 08/24/14 11:35 AM
Rule Reviews Dollar Amounts
The Consumer Financial Protection Bureau (CFPB) is issuing its final rule on Truth in Lending Act (TILA) annual threshold adjustments, amending the regulatory text and official interpretations for Regulation Z, which implements TILA.