Now You Know Your ALMs

Now You Know Your ALMs

It’s Financial Literacy Month and Esteban Camargo is here to teach you how to sing your ALMs. Part one is a veritable alphabet soup of credit union acronyms and terms that might be confusing.

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CUNA Renews Call to Exempt Credit Unions from CECL

CUNA Renews Call to Exempt Credit Unions from CECL

CUNA last week renewed its effort to convince the Financial Accounting Standards Board to amend the controversial Current Expected Credit Losses standard, contending that credit unions should not have to comply with it, reports David Baumann of the Washington Credit Union Daily.

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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.

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