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News Now

April 25, 2014

NCUA approves modified stress test rules

Washington
The National Credit Union Administration Thursday adopted a final rule on capital planning and stress testing for the largest credit unions. The final includes changes recommended by CUNA, but CUNA said it still believes the rule is unnecessary. ReadMore

Senate Banking sets April 29 vote for McWatters

Washington
The Senate Banking Committee is set to vote April 29 on the nomination of J. Mark McWatters for a post on the National Credit Union Administration board, as well on three Federal Reserve Board nominations and one for the U.S. Department of Housing and Urban Development. ReadMore

No extension for RBC comments, Matz tells CUNA, NAFCU

Washington
National Credit Union Administration Chairman Debbie Matz has again said no to a joint request by CUNA and the National Association of Federal Credit Unions to extend the comment period for the agency's risk-based capital proposal. ReadMore

Associational common bond rules may be tweaked for clarity

Washington
Changes may be coming to the National Credit Union Administration's chartering and field of membership rules regarding associational common bond requirements. ReadMore

NCUSIF report shows drop in low-ranked CUs

Washington
The National Credit Union Share Insurance Fund ended the first quarter of this year with an equity ratio of 1.30% and reserves at approximately $227.5 million, according to the National Credit Union Administration's quarterly update delivered during a Thursday open board meeting. ReadMore

St. Louis, CU partner to deliver affordable auto loans

CU System
The foremost task for those trying to climb the social and economic ladders is to land a good, steady job. For the economically disadvantaged, that goal can prove arduous, especially if access to a reliable mode of transportation is limited, or non-existent. ReadMore

IRS identity theft fraud scheme thwarted by CU tip

CU System
For more than seven years, an identity theft and fraud ring captured up to $10 million in income tax refunds by using false tax returns. It might have gone on longer had an employee at a Pennsylvania credit union not noticed duplicate phone numbers on two different accounts in 2012. ReadMore

Local schools would benefit from CU's rewards card

CU System
A New Mexico-based credit union wants to team up with its local school district to offer members an easy way to donate to public schools. ReadMore
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News Now LiveWire
Ala. veterans can get job advice at Friday's career fair hosted by @RedstoneFCU http://t.co/9tf0tEcW4N
10 hours ago
See how one St. Louis-based #creditunion is helping members access transportation; get to work #tomorrow #NewsNow #CUNA
12 hours ago
Matz says no to @CUNA, NAFCU request for 90-day comment period extension on risk-based capital plan. Deadline stays at May 28.
12 hours ago
Sen. Banking Com. schedules April 29 vote on McWatters' @TheNCUA nomination--same day as panel vote on Johnson-Crapo housing finance reform.
12 hours ago
3 Wash. state CUs members were rewarded with $5K checks--the biggest winners yet in the state's prized-linked savings program, #SaveToWin
12 hours ago