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.
The meeting also featured a quarterly update on the National Credit Union Share Insurance Fund.
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.
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.
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.
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.
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.
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.
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.
In an important letter to the NCUA, CUNA laid out detailed recommendations for the reform of field of membership requirements.
Changes make it easier for low-income credit unions to obtain secondary capital and give investors greater clarity.
Important cyber-security statements; your question answered on the SAFE Act de minimus exception; plus this week’s legal briefs.
Breaking News: The NCUA last week released a much anticipated revised risk-based capital proposal.
The NCUA says no 2014 premium, approves joint rule amending flood insurance and correction to corporate rule.
NCUA Chairman Matz says that the new proposal will include a longer implementation period and revised risk-weights, and trigger a second comment period.
Responding to Rep. Holding, Matz says that changes are in development, second comment period dependent on 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.
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?”