Advocacy News
What to Expect: Idaho GAC
Here’s a rundown of the key credit union advocacy event of the new year in the Gem State—whether you’re a seasoned advocate or visiting the Capitol for the first time.
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Sound Credit Union and Darigold Federal Credit Union Complete Merger
Year-long merger completes final step with DFCU accounts and services integrated into Sound.
State, Federal Regulators to Share Insights on Hot-Button Issues at Leadership Symposium
Northwest credit union leaders will get to rub elbows with state and federal regulators next week at the 2014 Leadership Symposium and Small Credit Union Roundtable, where the NCUA’s Risk-Based Capital proposal and guidance surrounding the banking of legal marijuana businesses will be front and center.
NASCUS CEO Mary Martha Fortney to Retire; Regulators Praise Her Leadership, ‘Fierce Dedication’
Mary Martha Fortney, the longtime president and CEO of the National Association of State Credit Union Supervisors, has announced that she will retire in 2014. State regulators are responding to her decision by paying tribute to her leadership, critical thinking and “fierce dedication.”
What Steps Should You Take to Minimize the Risk of Patent Infringement Suits?
Credit unions need to make sure they’re protected by indemnification provisions in the contracts they sign with third-party service providers and other vendors if they hope to avoid patent-infringement lawsuits.
Consumers and Regulators Demand Straightforward, Disclosed Financial Services, Not Gimmicks
John M. Floyd, chairman and CEO of Strategic Link business partner John M. Floyd and Associates, explains the importance of balancing transparency and value for members with the credit union’s need to earn consistent revenue.
NWCUA Regulatory Advocacy Update: Response to NCUA’s Proposed Rules
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 are update letters on two comment letters written by the NWCUA regarding the NCUA’s proposed rules on emergency liquidity and troubled condition.
Linda Jekel Receives NASCUS Pierre Jay Award for Service
Washington credit union regulator Linda Jekel has received the national Pierre Jay award from the National Association of State Credit Union Supervisors. The honor was presented in Denver this week.
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.
The Days of Matrix Overdraft Programs Are Over
John M. Floyd explains how JMFA Overdraft Privilege® can ease credit unions’ regulatory burden and provide improved member service as a fully-transparent overdraft program with a 100 percent compliance guarantee.
Financial Regulators Release Interest Rate Risk FAQ
The Federal Financial Institutions Examination Council has reiterated “the need for sound management of interest rate risk” and highlighted sound practices in a new FAQ document.
Regulatory Advocacy Update
The NWCUA’s Regulatory Advocacy team works with state and federal regulators to help reduce the regulatory burden on credit unions and protect the credit union movement. Included here are updates on streamlined CFPB regulations and the NCUA’s suit against Wells Fargo.
IRS Contacting Individual Credit Unions Regarding Tax Exemption
Due to paperwork and recordkeeping issues, credit unions in a number of states have received letters from the IRS stating that they are no longer tax exempt. Included here is an explanation of the situation, as well as recommended responses for affected credit unions.
Regulators Answer CU Questions at Forum
The Governmental Affairs Forum addressed many pressing issues at the state and federal levels including due diligence, new programs, shortened exam cycles, and policy documentation.
Regulators to Speak at Open Forum
The Association’s first Governmental Affairs Forum in Oregon will be held on June 22 in Bend.
GAO: CFPB, Regulators Must Add to Mortgage Oversight
The GAO found that while authorities had the right to examine foreclosure activities, those activities were not looked into.
Regulation Continues to Expand in Credit Union Land: The Dodd-Frank Act Brings a New Regulatory Regime
Dennis Dollar’s perspective on the latest regulations designed to protect consumers from another “too big to fail” financial industry debacle.
Regulators Close Spokane Credit Union
News began to emerge Friday that regulators were in Spokane to close $11 million The Union Credit Union, which slipped below an allowable net worth.