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Credit Union Quarterly Performance Report

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From the Editors of CU Weekly

updated 04/01/14 10:51 AM
Also, New IRS Form and CFPB Guide
The fourth-quarter 2013 Credit Union Quarterly Performance Reports for California and Nevada have been published by the California and Nevada Credit Union Leagues.

Both reports give a key snapshot of the national economy, key performance data and ratios on California and Nevada credit unions, and national-versus-state comparisons. Credit unions can catch up on the latest quarterly financial analysis to prepare for the next economic and market performance trends within the industry.

New IRS Form Posted
The Internal Revenue Service’s (IRS) new 2014 W-8BEN-E form is now available on the forms and publications webpage of the IRS website.

Click here to access the form.

CFPB Posts Guide for Disclosure Rule
The Consumer Financial Protection Bureau (CFPB) has released the Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure Rule, designed to help credit unions determine their federal mortgage disclosure compliance obligations for mortgage loans they originate.

Click here to access the TILA-RESPA (Truth in Lending Act-Real Estate Settlement Procedures Act) rule compliance guide and other helpful resources.

The guide highlights issues that credit unions might find helpful to consider when implementing the rule. It may also be helpful to settlement service providers, software providers, secondary market participants, and other firms that serve as business partners to creditors.

In the coming weeks, the CFPB will send an update when a companion guide with details about completing the new integrated disclosure forms is available.

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updated 10/06/15 09:09 AM
Plus, Flood Insurance Webinar
Federal credit unions can continue to make payday alternative loans (PALs) under changes to the Military Lending Act (MLA), which became effective Thursday, according to the Credit Union National Association (CUNA).

Click to view the complete story

updated 09/28/15 02:11 PM
'Your Home Loan Toolkit'
The Consumer Financial Protection Bureau (CFPB) has posted a Spanish language version of its Home Buying Information Booklet—also known as the “special information booklet” or “settlement cost booklet”—as required under the Real Estate Settlement Procedures Act (RESPA), Regulation X, and Regulation Z.

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D.J.'s Economix
Leagues Chief Economist Dwight Johnston continually provides economic and market analysis that is both informative and entertaining. Continue for daily and monthly commentary, rate forecasts, and economic updates.
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