CUNA supports risk-based capital but has strong concerns that there's a multi-billion-dollar price tag of additional capital for credit unions attached to a proposed risk-based capital rule. That is the wrong approach for a credit union system that withstood, under current rules, the worst financial crisis in 80 years, CUNA President/CEO Bill Cheney says in the most recent
The Cheney Report
Can the National Credit Union Administration's risk-based capital proposal be fixed? CUNA experts and credit union CEOs will attempt to answer that and other credit union questions during a just-announced March 19 webinar.
Only the U.S. Congress can increase the 12.25%-of-assets credit union member business lending cap, but there are a number of regulatory actions the National Credit Union Administration can and should take to aid credit unions approaching the cap, CUNA said Friday.
Christine Henzig, Wisconsin Credit Union League director of communications, explained why credit unions are the financial institution of choice for consumers in a recent interview on
"Ask the Experts" program.
A credit union-sponsored survey taking the temperature of the small business climate in Long Island drummed up a bit of media attention this week.
For the third consecutive year, Harvard University Employees CU, Cambridge, Mass., offered Harvard undergraduates a financial literacy class designed to provide them with an understanding of personal financial management.
Compliance preparations for the National Credit Union Administration's new emergency liquidity rule must be completed by March 31, the Credit Union National Association reminds credit unions.
Credit unions are known to cater services to their memberships. That's why it was no surprise when Verity CU, based out of bicycle-loving Seattle, rolled out a new loan program just for bike riders.