Credit Union Employees and Members Join Together to Celebrate Credit Unions with #ILoveMyCreditUnion

Credit Union Employees and Members Join Together to Celebrate Credit Unions with #ILoveMyCreditUnion

On July 30th, 2021, hundreds of credit unions, leagues, and partners from around the globe came together on social media to show the world what makes credit unions great. Emily Claus shares the inspiration behind the day, the stories that were told, and the success of the event.

Read more
House Panel Approves Bill to Require Regulators to Focus on Charter Simplification

House Panel Approves Bill to Require Regulators to Focus on Charter Simplification

The House Financial Services Committee approved H.R. 4590, which would require federal financial regulators to develop a strategic plan to encourage the chartering of new credit unions and banks, reports David Baumann of the Washington Credit Union Daily.

Read more
NCUA Board Agrees to Solicit Comments on Capital Adequacy Changes

NCUA Board Agrees to Solicit Comments on Capital Adequacy Changes

The NCUA board agreed to solicit comments on a proposed rule that would amend the agency’s capital adequacy regulation governing credit unions with assets over $500 million, among other decisions at its July meeting, reports David Baumann of the Washington Credit Union Daily.

Read more
NCUA Board to Consider Strategic Plan

NCUA Board to Consider Strategic Plan

Among other issues, the NCUA board will consider the agency’s 2022-2026 Strategic Plan at its July 22 meeting, reports David Baumann of the Washington Credit Union Daily.

Read more
CUNA Committee: Small Credit Unions Face Daunting Challenges

CUNA Committee: Small Credit Unions Face Daunting Challenges

Small credit unions play a vital role in the credit union community, but they face daunting challenges that larger institutions find easier to conquer, the Credit Union National Association said in a new report, reports David Baumann of the Washington CU Daily.

Read more
NCUA to Distribute $865.5 Million as Part of Corporate Resolution Process

NCUA to Distribute $865.5 Million as Part of Corporate Resolution Process

The NCUA will distribute $865.5 million to 1,800 capital account holders that helped bail out corporate credit unions following the 2008 financial crisis, reports David Baumann of the Washington Credit Union Daily.

Read more
NCUA Board Approves Plan to Keep Current 18% Interest Rate Ceiling

NCUA Board Approves Plan to Keep Current 18% Interest Rate Ceiling

At the June board meeting of the NCUA, the board voted on the interest rate ceiling for credit unions, adopted a final rule on capitalization of interest, and adopted a final rule to ease the impact of the Current Expected Credit Losses standard, reports David Baumann of the Washington Credit Union Daily.

Read more
Harper Left Out of Meeting Between Biden and Financial Regulators

Harper Left Out of Meeting Between Biden and Financial Regulators

David Baumann of the Washington CU Daily reports that the heads of the U.S. financial regulatory agencies met with President Biden on Monday. Except for one: NCUA Chairman Todd Harper, who an agency spokesman said was not invited and did not attend.

Read more
Reg Agenda: NCUA May Consider Changing Interest Rate Ceiling

Reg Agenda: NCUA May Consider Changing Interest Rate Ceiling

The newest version of the federal regulatory agenda has been released and in it the NCUA has listed a number of possible rules it may consider. Among the list are changes to the interest rate ceiling for loans made by credit unions, as well as a number of proposals that the board has been debating, reports David Baumann of the Washington CU Daily.

Read more
Credit Unions Made $5.6 Billion in Loans During Latest PPP Round

Credit Unions Made $5.6 Billion in Loans During Latest PPP Round

As the PPP ends, the SBA reported that this year 859 credit unions made almost $5.6 billion in loans to businesses to help them weather the coronavirus pandemic, reports David Baumann of the Washington Credit Union Daily.

Read more