People Helping People Spotlight: STCU Steps Up with Low-Interest Storm Loans
When a deadly windstorm pummeled the Inland Northwest, STCU quickly offered members low cost emergency loans. The results: 200 loans and $1 million to “get it fixed.”
Anthem
Same Day ACH Payments Approved by NACHA
The plan will result in three daily settlement windows, allowing same-day processing of 99% of ACH payments.
NCUA Approves Field of Membership Changes and More
The NCUA Board approved five items at Thursday’s board meeting, including a final rule expanding automatic approval for associational groups’ membership in federal credit unions.
No 2014 Share Insurance Fund Premium: NCUA
The NCUA says no 2014 premium, approves joint rule amending flood insurance and correction to corporate rule.
Point West Credit Union Completes Net Worth Restoration Plan
Nick Hodson and Amy Nelson, co-CEOs of Point West Credit Union, announced this week that Point West has completed an approved Net Worth Restoration Plan with the National Credit Union Administration, two years ahead of schedule.
Compliance News
Compliance Question of the Week
What policies must be approved by the board?
NCUA Sets Reduced 2013 TCCUSF Budget at Year’s Final Open Board Meeting
At its final open meeting of the year, the NCUA board of directors approved the 2013 TCCUSF oversight budget, approved two credit unions’ requests to convert to community charters and adopted two final rules.
ATM Fee Placard Bill Unanimously Approved by House Committee, Headed for Vote
Legislation that would do away with the physical fee notice currently required on ATMs was unanimously approved by the House Financial Services Committee Wednesday morning and is expected to receive a floor vote in the House in July.
Equity Ratio, Net Worth Changes Passed by NCUA
Changes in NCUSIF definitions of equity ratio and credit union net worth were unanimously approved by the NCUA board on Sept. 22.
Legal Briefs
Your update on the regulatory landscape.
Legal Briefs
Your update on the regulatory landscape.