The number of Louisiana credit union employees affected by statewide flooding has reached roughly 300, and the generosity of the Credit Union Movement is matching the pace of the need.
The board plans to address a number of important topics, including minority depository institutions and loans in areas with flood hazards.
After floods ravaged the homes of dozens in Grays Harbor County this winter, the credit unions of the Northwest united to help families affected by the disaster.
Maps shreds 20 tons of documents; Gesa announces unique community partnership; STCU promotes Flood to VP of lending; Columbia welcomes new VP of business lending; Solarity hires new HR Manager.
The NCUA says no 2014 premium, approves joint rule amending flood insurance and correction to corporate rule.
Federal agencies, including the National Credit Union Administration (NCUA), have released an interagency statement on the increased maximum flood insurance coverage for other residential buildings. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “When do we need to obtain an appraisal?”
Credit unions have until Dec. 10 to comment on a proposed NCUA rule that would implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 that deal with private flood insurance, the escrow of flood insurance payments, and the forced-placement of flood insurance.
As most of the Northwest is experiencing a soggy May, it’s a good reminder for credit union lenders to shore up their flood zone data. This is critical information for mortgage approvals. In today’s Strategic Link business partner article, CUNA Mutual’s Kriss Besch shares some important insight.
A joint statement issued by the NCUA and other federal agencies discusses the effective dates of certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012, as well as the act’s effect on the agencies’ proposed Interagency Questions and Answers.
Your weekly update on the regulatory landscape.
CUNA Mutual Group, a Strategic Link strategic partner, offers an update on Hurricane Isaac’s impact on coastal credit unions, along with information about upcoming webinars on loan generation, auto loan recapturing and credit union protection.
The Standard Flood Hazard Determination Form has been revised. The agency will be allowing users a three-year transition period ending May 30, 2015, so user systems can be changed before final adoption of the form is required.
Having identified the need to update rules governing fair housing and flood insurance, the NCUA adopted a final rule that will require credit unions to update both their Equal Housing Lender sign and the standard flood hazard determination form.
Your update of the regulatory landscape.