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March 6, 2015

7 new reg. relief bills help welcome CUs to D.C. for CUNA GAC

Washington
As CUNA looks forward to welcoming nearly 5,000 credit union advocates to Washington next week for its 2015 Governmental Affairs Conference, Ryan Donovan, the association's chief advocacy officer, sent out a special edition of CUNA's weekly "Legislative Update" to CUNA members Thursday. The update highlights seven bills introduced in the last week that, if enacted, will help remove barriers for credit unions to more fully serve their members. ReadMore

Nussle: Need for reg. relief must trump banks' tired tax attacks

Washington
The Independent Community Bankers of America unveiled its list of 2015 policy priorities on Tuesday and CUNA President/CEO Jim Nussle noted that it highlights how similar the advocacy priorities of credit unions and small banks are--but with one very unfortunate exception. ReadMore

Inside Washington (3/6/15)

Washington

WASHINGTON (3 6 15) The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund is seeking comments on the CDFI Bond Guarantee Program's annual assessment evaluation report form.

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CUNA files amicus brief in important Florida interchange case

Washington
CUNA filed an amicus brief Thursday in the U.S. Court of Appeals for the Eleventh Circuit, in a case raising many of the policy issues surrounding credit card interchange fees. ReadMore

Job market shows signs of weakening in Feb.

Market
Initial jobless claims jumped by 7,000 for the week ending Feb. 28 to 320,000, pushing claims to their highest level since May of last year, according to numbers released Thursday by the Employment and Training Administration. ReadMore

Business Rates

Market

Get daily financial rates for the last five business days, including Treasury Yield Curve, Treasury Bills, Prime Rate, Federal Funds, Freddie Mac and Fannie Mae 30-day commitments, LIBOR, and 90-day Commercial Paper.

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Consumer Rates

Market

Daily rates from Informa Research Services for deposit, consumer loan, mortgage, credit card, and indirect auto loan products.

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CU System brief (3/6/15)

CU System

CHICAGO (3 6 15) Kim Sponem, president CEO, Summit CU, Madison, Wis., was appointed to a three year term on the Federal Reserve Bank of Chicago's Community Depository Institutions Advisory Council

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N.C. CU members save more than $3.8M through Save to Win

CU System
Credit union members across North Carolina have saved more than $3.8 million through the Save to Win program, according to figures released by the Carolinas Credit Union League, which in late February helped present grand prizes of $10,000 each to three credit union members. ReadMore

Global women's network accepting scholarship applications

CU System
Female credit union leaders can now apply for the 2015 Global Women's Leadership Network scholarship, the World Council of Credit Unions announced this week. Applications are due April 3. ReadMore

CUNA Mutual reports 4th consecutive year of growth

CU System
An improved lending environment contributed to the fourth consecutive year of earnings growth for CUNA Mutual Group, the company reported Thursday. ReadMore

Interchange-fee cap bill halted in Colo.

CU System
Legislation in Colorado that would have prohibited collection of interchange fees on state and local taxes was halted during a committee hearing Wednesday. ReadMore

N.H. CUs briefed on IOLTAs

CU System
The Cooperative Credit Union Association partnered with the New Hampshire Bar Association this week to put on a compliance training session for handling Interest on Lawyer Trust Accounts and other escrow accounts. ReadMore

CEO confidence up, but reg. concerns increase: Abound survey

CU System
Credit union CEO optimism for 2015 is tempered by concerns of increased regulatory burden, according to Abound Resources. ReadMore

Better economy drives card transfer offers

Consumer
A stronger economy has consumers more comfortable taking on debt. And it also means credit card issuers are more comfortable extending tempting balance-transfer offers (The New York Times Feb. 20). ReadMore

Fiserv expands fin. crime risk management solution

Products
Fiserv Inc., a provider of financial services technology solutions, announced the launch of four new solutions on its Financial Crime Risk Management (FCRM) platform. ReadMore
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RT @cumagazine: Make a good impression during your #CUNAGAC Hill visits: 8 tips http://t.co/C4gtRbQG2s
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Taking a walkthrough before #CUNAGAC starts this weekend. http://t.co/k9hktHjm9b
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There will be lots of social media action at 2015 #CUNAGAC that starts in D.C. this Sunday. http://t.co/vyP4XbtFbk
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.@AACUC1 is part of a group of credit union organizations to introduce a new mentor program for small credit unions http://t.co/2vFE45ZnEW
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Perk up after Daylight Saving switch Sunday with #WescomKindness from @TheCoffeeBean @Liz_Wescom
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