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April 18, 2014

CUNA, NAFCU jointly repeat urging for RBC comment extension

Joining forces, CUNA and the National Association of Federal Credit Unions Thursday urged a 90-day extension for the comment period for the National Credit Union Administration's risk-based capital plan, set to elapse on May 28. ReadMore

Stress testing for large CUs, common bond proposal on next NCUA agenda

A final stress testing rule for large credit unions will lead the agenda when the National Credit Union Administration holds its April open meeting next Thursday. ReadMore

Ky. latest state to enact data breach protection

CU System
As CUNA continues to work on data security issues at the federal level, states are making progress with laws to protect and inform consumers about data security. ReadMore

New video provides NCUA answers to CUs' RBC questions


A two-part, 20-minute video has been released by the National Credit Union Administration, one that is intended to help federally insured credit unions with questions about the agency's proposed risk-based capital rule.


Mercer: Ohio CUs need to be tougher to sell a powerful idea

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While Ohio credit unions are doing an "amazing" job in serving their memberships, they must market better to sell their "beautiful, powerful idea," Ohio Credit Union League President Paul Mercer told the annual Invest 48 audience last week. ReadMore

Carolina CUs, armed with membership numbers, call on lawmakers

"Preparation is key to effective visits with legislators," Carolinas Credit Union League Director of Government Relations Billy Boylston said this week, highlighting how CUNA's Project Zip Code helped advocates from $602 million-asset Palmetto Citizens FCU, Columbia, S.C., prepare for their visits to the nearby South Carolina State House. ReadMore

NCUA a-Twitter with fin. lit. chat


Interested in sharing best practices for helping members increase their financial literacy? The National Credit Union Administration has set an April 23 Twitter chat on the issue.


Low-income CU financially empowers N.Y. neighborhood

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The credit cycle, especially for the impoverished, can pull people and their finances down into what seems like an inescapable abyss. ReadMore

As threats grow, Mich. league work for members' data safety gets spotlight

Even with the U.S. Congress out of session until April 28, credit unions are keeping the focus on what must be done to improve the country's data security. ReadMore

CFPB extends remittance rule shield

The Consumer Financial Protection Bureau is proposing a five-year extension to an exception that minimizes for some credit unions and other financial institutions certain information reporting requirements of its international remittance transfer rule. ReadMore

'Overwhelming' response to N.J. CUs' 'trust' billboard

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The New Jersey Credit Union League reported an "overwhelming" response to a recent billboard campaign that supported the "Banking You Can Trust" credit union awareness website. ReadMore

CUNA site safe from Heartbleed security flaw

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CUNA's information technology team assures that CUNA's customer-facing websites are not impacted by the Heartbleed security issue that has been reported in News Now and the general press. ReadMore

Card, member protection headline Calif. league rally

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The collective voice of California credit unions was heard loud and clear in Sacramento April 7-8, as industry leaders from throughout the state took part in the California Credit Union League's 2014 Government Relations Rally. ReadMore

Have Bankziety? Minn. league prescribes a cure

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Wedding season is around the corner, and if your wallet has the wedding bell blues, it may need a visit to the Minnesota Credit Union Network's Bankziety website. ReadMore

Mobile payments to jump 40% globally: Juniper

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The value of payments completed through mobile devices worldwide will reach around $507 billion this year, a rise of nearly 40% year-over-year, according to a new report from Juniper Research. ReadMore

CUNA compliance audios are back and even better

Back by popular demand, CUNA compliance staff are posting new audio updates on the hottest compliance topics. ReadMore
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