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updated 10/02/15 12:38 PM
CRC FCU is now Novo FCU. Novo is latin for refresh/revive/make anew, fulfilling the board’s parameters for the name brand to be short, distinctive, and one that better represents the credit union’s mission and its membership.

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From the Editors of CU Weekly

updated 07/16/14 02:14 PM
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To ensure all member credit unions have access to the audio recording from the National Credit Union Administration’s (NCUA) Listening Session on June 26 in Los Angeles, the California and Nevada Credit Union Leagues have posted the session on its website.

Click here to access the Listening Session audio archive, which is categorized by topic so you can easily find and listen to subjects important to you.

The NCUA’s proposed Risk-Based Capital Rule is the most significant regulation credit unions have faced in several years. At this first Listening Session, discussions about the proposal dominated the meeting.

The Listening Session provided a great opportunity to be heard. Credit union leaders voiced their concerns on the proposed rule’s risk weightings, calibrations for concentration and interest rate risks, the definition of a “complex credit union,” opportunities to comment on a second proposal, the rule’s competitive disadvantage, and other issues.

“We want to thank attendees for raising their voices and making a powerful impact, as well as those who engaged in the comment letter process,” said Diana Dykstra, president and CEO of the Leagues.