Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
CUNA seeks comment on CDRLF rule reorganization
WASHINGTON (7/13/11)--The Credit Union National Association (CUNA) is seeking comments from credit unions regarding the National Credit Union Administration's (NCUA) proposed Community Development Revolving Loan Fund (CDRLF) application changes. The NCUA’s CDRLF changes, which were offered during the agency’s May open board meeting, aim to improve transparency and ease credit union use of the fund. The changes also improve the process through which credit unions may apply for loans and technical assistance grants from the CDRLF, clarify the application process, and add reporting and monitoring requirements. CUNA in the comment call asks credit unions if they generally support the CDRLF amendments. Credit unions can also comment on whether the NCUA should be given greater flexibility to make changes and on each specific loan application outside of the regulations, and can suggest any other terms that they believe should be given greater flexibility. CUNA is accepting comments until July 18. For more information, use the resource link.


RSS print
News Now LiveWire
.@CommunityAmerCU #creditunion offers high interest rate on #savings to help members build safety net http://t.co/7moQeja5Qk
58 minutes ago
.@TheNCUA approves modified stress test rule. Read #NewsNow here: http://t.co/RSZh59Ukkj
1 hours ago
NCUA Ch. Matz said the FOM proposal is the result of enforcement actions taken where CUs advertised open FOMs.
2 hours ago
.@TheNCUA wants to know if there are other categories that should get automatic approval, staff says.
2 hours ago
Alumni,homeowner assoc,labor unions, electric coops,scouting & church groups,assn. to further culture of nt'l or ethnic group are auto OKed.
2 hours ago