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News Now

CU System
MCUA forms state fed regulatory task force
ST. LOUIS (7/31/09)--The Missouri Credit Union Association (MCUA) board of directors organized a new task force to focus on state and federal regulatory issues. The group met for the first time July 22. “Credit unions are currently experiencing very rapid regulatory and legislative changes,” said Board Chair Stan Moeckli, president/CEO of Electro Savings CU in St. Louis. “This task force is designed to help MCUA share the operational impact and credit union concerns created by legislation and regulations with the people responsible for creating them” (The Missouri difference July 24). Moeckli and the board appointed more than two dozen representatives from Missouri credit unions to the task force. The group will assess the operational impact of state and federal regulatory actions and initiatives, provide operational impact data, assist in reviewing comment letter responses and assist in meeting with state and federal regulators to convey credit union concerns, operational impact and supporting data, MCUA said. Participants were selected based on their expertise in areas such as investments, corporates, overdraft protection, mortgages, regulatory restructuring, business lending, consumer lending, credit cards, savings programs, community development and collections, the association said.


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