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October 23, 2014

CUs emphasize co-op principles during National Co-op Month

CU System
The nation is taking time to appreciate cooperatives this October for National Co-op Month, and financial cooperatives, commonly known as credit unions, have joined in on the celebration. ReadMore

44 CUs to pay total $17,111 for late filings

Forty-four of the 75 credit unions cited for failing to file their second quarter 2014 call reports on time were determined to be out of compliance and have consented to civil money penalties totaling $17,111. ReadMore

Johnson, Crapo want regulators' accounting of cybersecurity actions

The leadership of the Senate Banking Committee is seeking information from the National Credit Union Administration, the other federal financial regulators and the U.S. Treasury Department on what actions are being taken to protect the financial system from threats posed by cyberattacks. ReadMore

McWatters visits CUNA D.C. office

National Credit Union Administration board member J. Mark McWatters Tuesday visited the CUNA Washington office and met with CUNA President/CEO Jim Nussle. ReadMore

Heck to NWCUA: CUs are a solution, not part of problem

CU System
Credit unions were not part of the systemic problem that caused the recent recession, U.S. Rep. Denny Heck (D-Wash.) told a general session audience at the Northwest Credit Union Association's recent Amplify Convention. "More often than not they are part of the solution," Heck said. ReadMore

Top lobbyists list: Nussle steady on tax fight with banks

In its annual list of Washington's top lobbyists, The Hill newspaper named CUNA President/CEO Jim Nussle to its recognition roster after just a month in CUNA's top job. ReadMore

Webinar explores impact of CDFI CUs

David Meyer said Wednesday that credit unions are often natural fits for the U.S. Treasury Department's Community Development Financial Institutions Program since many credit unions are already involved in the types of activities the CDFI program is intended to promote. Meyer is acting program manager for the the CDFI Program's certification compliance monitoring and evaluation department. ReadMore

Don't be afraid to reach out, NBA legend Johnson advises CUs

CU System
Keynote speaker Earvin "Magic" Johnson challenged leaders attending the California and Nevada Credit Union Leagues' annual meeting and convention Tuesday to elevate their credit unions to the next level by using some of the same team-building skills that the NBA legend employed during his career. ReadMore

Conn. CUs aiming to solidify status as members' primary FIs

CU System
An Oct. 13 article on noted that Connecticut credit union are striving to become the financial institution of choice for state consumers. ReadMore

Today's NCUA agenda: Corporate CUs, flood area loans

It's another light agenda for the National Credit Union Administration's monthly board meeting, which is scheduled for 10 a.m. (ET) today. ReadMore
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.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
16 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
17 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow
17 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
17 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
18 hours ago