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July 11, 2014

CUs dig deep on RBC plan at Chicago Listening Session

The room was packed and the concerns were earnest at the National Credit Union Administration's Listening Session in Chicago Thursday. As expected, the primary topic of the day was the NCUA's proposed risk-based capital rule. ReadMore

CUNA to drive home need for reg relief at House hearing

CUNA has asked Ohio credit union CEO Doug Fecher to speak for the credit union movement on regulatory relief before Congress Tuesday. ReadMore

Housing fin. reform must ensure CU access to markets: CUNA

CUNA interim President/CEO Bill Hampel wrote to three U.S. representatives Wednesday asking for consideration for credit unions during the housing finance reform process. ReadMore

Ways and Means' Marchant, Sen. Banking's Heller voice RBC plan concerns

New voices from both the House Ways and Means Committee and the Senate Banking Committee have joined the chorus of concerns regarding the National Credit Union Administration's proposed risk-based capital plan. Republicans Rep. Kenny Marchant (Texas) and Sen. Dean Heller (Nev.) sent letters to the agency July 10. ReadMore

CU growth buoys hiring, pay increase plans: CUNA survey

CU System
Burgeoning membership expansion and the potential for double-digit loan growth are incubating a stronger employment environment at credit unions--one that portends more hires and increased wages, according to research from CUNA. ReadMore

Global study finds 1 in 6 U.S. students financially illiterate

CU System
In a recent international study that looked at the financial capabilities of 15-year-olds, U.S. teenagers scored below average in financial literacy, and roughly 17.8% of American students were found to be financially illiterate, meaning they failed to complete even the most basic of tasks. ReadMore

IBEW Local 816 FCU closes

The National Credit Union Administration announced late Thursday that it has liquidated IBEW Local 816 FCU, Paducah, Ky., after determining the credit union was insolvent and had no prospect for restoring viable operations. ReadMore

CUNA Councils reaches milestone of 6,000 total members

CU System
CUNA's nationwide organization for credit union executives--CUNA Councils--has reached the 6,000-member milestone. ReadMore
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July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://
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Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow
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.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000
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.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list:
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