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Q&A With Chad Olney, New President & CEO of Pacific Crest FCU

Olney takes over for Kathie Philp, a long time credit union advocate. We talked to him about his journey from Board Member to CEO, and his outlook on advocacy.

NCUA Previews Additional Exam Cycle Changes

The meeting also featured a quarterly update on the National Credit Union Share Insurance Fund.

FASB Meeting Produces Pending Changes to CECL Standards

A meeting of the Financial Accounting Standards Board, Friday, included proposed changes to the Current Expected Credit Loss model of measuring credit impairment for credit unions.

Compliance Center: NCUA Issues Guidance on Military Lending Act Changes

How to keep your credit union compliant with recent Department of Defense updates; your question answered about the act’s effect on auto refinancing coverage; plus this week’s legal briefs.

NCUA Unanimously Votes to Modernize FOM, Give More Americans Freedom to Choose

The proposed rule would ease several constraints that deny millions of Americans the freedom to choose not-for-profit credit unions. Association calls for immediate response from credit union leaders and employees.

Field of Membership Rule to be Unveiled Thursday

The proposal is expected to overhaul the current regulations, giving federally chartered credit unions flexibility to add to their fields of memberships, and giving more consumers the choice to join a not-for-profit, cooperative credit union.

Filene 2025: Optimism for Credit Unions in Whole New FI World

A new report from Filene lays out the disruptive changes credit unions can expect in the next decade, and the case for optimism about the credit union movement.

DFI Issues Request for Comments on Semi-Annual Assessment Fee Collection

Credit unions are encouraged to file comments before the October 14 cutoff regarding the proposed changes, as well as other questions or concerns about assessments.

Jim Nussle to Speak at Amplify After Big First Year Changes at CUNA

Celebrating one year leading CUNA, President and CEO Jim Nussle announced big changes including a dues reduction, expense savings, expanded membership, and more. Next week he will address Northwest credit unions at Amplify Convention in Portland.

CUNA Sends Field of Membership Reform Recommendations to NCUA

In an important letter to the NCUA, CUNA laid out detailed recommendations for the reform of field of membership requirements.

NCUA Eases Secondary Capital Supervisory Policies

Changes make it easier for low-income credit unions to obtain secondary capital and give investors greater clarity.

Compliance Center: FFIEC Joint Statements on Risk Mitigation and NFIP Program Changes

Important cyber-security statements; your question answered on the SAFE Act de minimus exception; plus this week’s legal briefs.

New RBC Proposal: What Does it Say, and What’s Next?

Breaking News: The NCUA last week released a much anticipated revised risk-based capital proposal.

No 2014 Share Insurance Fund Premium: NCUA

The NCUA says no 2014 premium, approves joint rule amending flood insurance and correction to corporate rule.

NCUA to Propose Revised RBC Rule, Open Second Comment Period

NCUA Chairman Matz says that the new proposal will include a longer implementation period and revised risk-weights, and trigger a second comment period.

Matz Committed to “Warranted” RBC Changes

Responding to Rep. Holding, Matz says that changes are in development, second comment period dependent on changes.

NCUA’s Mestger Supports Supplemental Capital Legislation, RBC Rule Changes

NCUA Director Rick Metsger announced support for Supplemental Capital in an address to Massachusetts credit unions this week. As well, he reiterated regulator plans to significantly review and adjust the proposed risk-based capital rule.

CFPB Proposes Minor Changes to the Ability-to-Repay Rule

The Consumer Financial Protection Bureau (CFPB) released proposed amendments to the ability-to-repay rule. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “When advertising a loan product, if I want to disclose the APR, what else am I required to disclose?”