A bill that would more than double the MBL cap was introduced in the House of Representatives this morning, and another that would give credit unions access to supplemental capital is expected to be introduced in the House this afternoon.
The Hill, considered a must-read for federal lawmakers, showcased the work this week of NWCUA Board Chair Debie Keesee, publishing her op-ed piece supporting supplemental capital.
Strategic Link business partner CSCU is offering a free webcast on Tuesday, Aug. 14, entitled, “Five Strategies to Grow Your Business Card Portfolio.” The webcast will help credit unions attract small-business members and improve profitability.
Freshman Congresswoman Suzanne Bonamici (OR-1) added her name to the co-sponsor list for a bill that would allow the NCUA to authorize supplemental capital for well-managed credit unions and count it toward net worth.
Catalyst Corporate Credit Union, set to acquire certain Western Bridge assets on July 1, has reached more than 1,190 capitalizing member credit unions.
Credit unions face the prospect of turning away new members without the ability to raise supplemental capital. Asking for Congressional support is on the agenda for the June “Hike the Hill” event.
Catalyst Corporate has signed a letter of intent to consolidate with FirstCorp Credit Union this year, representing another step forward in the corporate’s business model driven by efficiencies of scale and technological innovation.
Your weekly update on the regulatory landscape.
The Northwest delegation to CUNA’s Governmental Affairs Conference met with countless elected officials Wednesday about increasing the MBL cap and allowing well-run credit unions to accept supplemental capital.
More than 1,000 credit unions have already capitalized Catalyst Corporate Federal Credit Union. New President and CEO Kathy Garner said the Strategic Link Annual Sponsor’s plan calls for low-cost, non-disruptive transitions.
Rep. Earl Blumenauer has signed on as a co-sponsor of H.R. 3993, a bill introduced last month that would allow credit unions to accept supplemental capital.
As supplemental capital legislation progresses in Congress, the NWCUA has issued talking points to help Northwest credit union leaders discuss the issue with legislators and the media.
A bill was introduced in Congress last week that would allow credit unions to accept supplemental capital, enabling them to offer more affordable financial services to consumers and to grant more job-creating loans.
With the recent influx of new credit union members and the recession impacting some credit unions’ capital ratios, Congress will hear more about the need for supplemental capital in 2012.
The Federal Reserve proposed increased capital standards for the largest financial firms this week. The announcement triggers support from credit unions for Secondary Capital.
The Federal Reserve proposed increased capital standards for the largest financial firms this week. The announcement triggers support from credit unions for Secondary Capital.
Harborstone Credit Union CEO Phil Jones spoke on behalf of the credit union movement at Rep. Adam Smith’s Small-Business Forum last week, highlighting the capacity of credit unions to provide capital to small-business owners through increased member business lending.
Gary Tantleff, managing director of investments for The Credit Union Advisory Group at UBS, writes about how understanding IDC rankings can be useful in an investment decision.