Advocacy News
Save the Date: OR and WA CU Days at the Capitol Around the Corner
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Washington, Oregon Credit Unions Show Loan, Membership, ROAA Growth
Northwest credit unions grew loans, membership, assets and return on assets according to new Q1 data released by the NCUA this morning. Idaho led the nation in many categories.
Northwest Credit Unions Post Stronger Loan Growth than Banks in Q3
Northwest credit unions recorded greater asset growth, greater loan growth and a slightly higher ROAA than the region’s banks in the third quarter of 2013, an analysis by the Northwest Credit Union Association shows.
Northwest Credit Unions Show Strong Growth in Q3
Northwest credit unions are on the right course, an analysis of national data by the NWCUA shows, with asset growth, ROAA and net worth all increasing during the third quarter of 2013. At the same time, charge-offs and delinquency ratios continue to decline.
NCUA Releases Letter to Credit Unions Regarding Corporate Assessment
Credit unions will receive invoices next month for their 2013 Corporate Stabilization Fund Assessment. The Compliance Report details the NCUA’s plan for the year.
NCUA July Board Meeting
The NWCUA’s director of regulatory avocacy takes a deeper dive into last week’s NCUA board meeting. It is an important meeting for credit unions.
NCUA Reduces Budget, Establishes Stabilization Fund Assessments
The NCUA cut its 2013 operating budget by $2.6 million—the fourth mid-year budget decrease the agency has approved. The board also set the Stabilization Fund assessment at 8.0 basis points.
Three-Month Promotion Lifts Credit Card Program
A credit and debit card rewards promotion took a Utah credit union’s program from negative growth to a 7% increase in three months. Weber State Credit Union and CSCU share a success story in today’s Strategic Link report.
CFPB Issues Two Final Mortgage Rules
The CFPB has issued two final rules updating mortgage rules. One delays implementation of the rule prohibiting financing insurance premiums on transactions insured by dwellings. The other facilitates access rules exemptions for small creditors, community development lenders and housing stabilization programs.
CFPB Releases First Three Final Mortgage Rules, More Expected
The CFPB last week issued the first three mortgage rule changes required by the Dodd-Frank Act, modifying ability-to-repay policies, escrow requirements for higher-priced mortgage loans, and changes to high-cost mortgage loan requirements.
NCUA Projects 2013 TCCUSF Assessment, NCUSIF Premium
The NCUA announced at its Nov. 15 board meeting that the TCCUSF assessment for 2013 will likely be between 8 and 11 basis points, while the NCUSIF premium may not be assessed next year at all.
NWCUA Regulatory Advocacy Update: Northwest Credit Unions Fare Well in Federal Regulator’s Q2 State-by-State Review
The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here is an update on the NCUA Economic Review for 2012’s second quarter.
Legal Briefs
Your weekly update on the regulatory landscape.
NCUA Board Assesses 9.5 Basis Points for Corporate Stabilization Fund
At its open board meeting this morning, the NCUA announced that federally insured credit unions will owe 9.5 basis points to fund the 2012 Temporary Corporate Credit Union Stabilization Fund.
The CFPB Outlines Possible Mortgage Rules
New mortgage rules would simplify mortgage points and fees and bring greater transparency to the mortgage loan origination market by January 2013.
NCUA Takes Next Step on Corporate Prepayment Plan, Schedules Free Webinar
The plan adopted would allow credit unions a choice to prepay some their Corporate Stabilization Fund assessment. A free webinar explaining the plan is scheduled for July 11.
CUNA Releases New Environmental Scan
The report is commonly used by credit union executives and boards for strategic and business planning.
Corporate Corner: Assessments for the Stabilization Fund
Corporate Corner is a series of articles that will examine various aspects of the corporate credit union crisis and the NCUA’s plans to resolve the issue and stabilize the industry.