The Leagues provide its Member's First philosophy in communicating "real time" comprehensive news and information. We focus on strategic, operational and the philosophical values of our membership. We work to advocate your interests, and position our member credit unions at the "top" of the financial services community.
View the latest news about credit unions in California, Nevada, and around the nation.
Find current and archived issues of the Leagues' award-winning magazine.
Take a visual journey and explore the faces behind the California and Nevada credit union movement at a number of events, meetings, fundraisers, and conferences!
Catch up on what California and Nevada credit unions are accomplishing within their communities every month!
08/31/15 12:55 PM
and Nix Neighborhood Lending (Nix) partnered with Los Angeles Fire Department (LAFD)
Fire Station #64 and the Los Angeles Police Department (LAPD) Southeast Division to donate nearly 470
backpacks filled with school supplies to students in Watts. Assemblyman Mike A. Gipson, Los Angeles City
Councilman Marqueece Harris-Dawson, and “Sweet Alice” Harris were on hand to show their support.
Kinecta and Nix held a month-long collection campaign collecting nearly 600 backpacks filled with school
supplies with additional backpacks donated by the Richstone Family Center, Thomas House Family Shelter,
and other schools and community organizations.
Click to view the latest Member News
From the Editors of CU Weekly
Q1 CALL REPORTS DUE APRIL 25
04/04/14 10:42 AM
Avoid Penalty Fees
Attention credit unions! First quarter Call Reports are due to the National Credit Union Administration (NCUA) on April 25. Failure to meet the deadline may result in a civil money penalty.
Up to a maximum of $1 million, or 1 percent of total assets, whichever is less, per day if a federally insured credit union knowingly or with reckless disregard for accuracy submits a false or misleading report and fails to correct it.
" rows="5" cols="100" WRAP="physical">Potential penalties for late filers include:
- Up to a maximum of $2,000 per day for each day a required report is minimally late or contains uncorrected false/misleading information if the late or false/misleading filing is unintentional and the credit union has reasonable procedures in place to avoid such errors.
- Up to a maximum of $20,000 per day for each day a required report is late or contains false/misleading information if the late or false/misleading filing is not covered by the "unintentional" safe harbor outlined above.
- Up to a maximum of $1 million, or 1 percent of total assets, whichever is less, per day if a federally insured credit union knowingly or with reckless disregard for accuracy submits a false or misleading report and fails to correct it.
The size of the fine will take into consideration the size of financial resources and good faith of the credit union, the gravity of the violation, the history of previous violations, and other circumstances.