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Sen. Dean Heller, R-NV

NEVADA SENATOR SHARES RBC CONCERNS
updated 07/12/14 02:19 PM
Sends Letter to NCUA
Senator Dean Heller, R-NV, has written a letter to the National Credit Union Administration (NCUA) on behalf of the Nevada Credit Union League stating his concerns with the agency’s risk-based capital proposal.

Click here to read the letter.

Heller is the most recent to raise concerns from the Senate Banking Committee.

“I am concerned the proposed rule would establish a new risk-based requirement for a credit union to be considered well-capitalized,” Heller states. “The risk weights in the proposed rule may be unduly burdensome on credit unions and reduce the availability or affordability of loan products, and restrict credit to citizens in Nevada.”

Heller also stated his concern that the NCUA hasn’t “adequately explained” the need for the risk-based capital proposal, adding that he would like the agency to “provide clear guidance on how credit unions should plan for supervision in the future,” with plenty of time to adjust and comply with any new rules.

 
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EXPERTS GIVE ADVICE TO CREDIT UNIONS updated 09/18/14 11:26 AM
Your Problem: Solved
Risk-based pricing (compliance), creating an operational plan (strategic planning), and making a solid value proposition (marketing) are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest.

GOV. BROWN SIGNS AB 2293 INTO LAW updated 09/18/14 05:06 PM
Relieves CUs of Collateral Burden
California Gov. Jerry Brown signed legislation today mandating baseline insurance requirements for Transportation Network Companies (TNCs)—a move that will help credit unions burdened by a significant reduction in collateral value when accidents occur to these companies’ drivers.

SEPTEMBER: NAT'L PREPAREDNESS MONTH updated 09/17/14 09:13 AM
CO-OP Reminds CUs to Be Ready
The magnitude 6.1 earthquake that struck Napa, CA on Aug. 24 serves as a reminder for vigilant disaster preparedness, as members depend on their credit unions more than ever in times of emergency.

ARTICLES CALL ON LAWMAKERS TO ACT updated 09/15/14 02:07 PM
Data Breaches in Focus
Various opinion articles defending the credit union movement’s stance on data breaches were published in five regional and community newspapers across California and Nevada within the past week as the latest data theft incident at national retailer Home Depot continues to be critiqued in the media spotlight.