A resource for credit unions in CA & NV, providing credit union financial and economic trend analysis, brought to you by your Leagues in partnership with CUNA & Affiliates.
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|The Leagues' first-quarter 2013 Credit Union Quarterly Performance Report has been posted!|
Using this new report, credit unions can catch up on the latest quarterly financial analysis to prepare for the next economic and market performance trends within the industry.
What's in the Report
The report includes:
TIPs Bulletin Posted
A new TIPs Bulletin has been posted on the Leagues' website regarding the National Credit Union Administration's (NCUA) Final Rule on Loan Participations.
On June 20, the NCUA board issued a final rule that revises the agency's existing loan participation investment rules.
Click here to view TIPs Bulletin 13-32 regarding loan participations.
MLA DATABASE FEB. 15 DEADLINE
updated 02/09/16 08:00 AM
Plus, CUSO Registry Webinar
Credit unions seeking a safe harbor under the Department of Defense’s (DoD) Military Lending Act (MLA) final rule will have two new options come Oct. 3, 2016: 1) A credit union may verify a borrower’s status on the DoD’s database, or 2) a credit union may use a consumer report obtained from a nationwide consumer reporting agency to determine whether a borrower is a “covered borrower.” Credit unions interested in utilizing the first option have until Feb. 15, 2016 to notify the Defense Manpower Data Center (DMDC) of their intent. This may be done by emailing the MLA helpdesk at firstname.lastname@example.org.
CA PRIVACY NOTICES STILL REQUIRED
updated 02/02/16 08:35 AM
Plus, Latest PolicyWorks Newsletter
The FAST Act made changes to federal annual privacy notice requirements. However, it did not change California privacy notification requirements, which are applicable to all financial institutions doing business in California. California state annual privacy notifications are still required, depending on what information is shared and with whom.