August 2024

Columns

This week: Closed NCUA Board meeting; Oklahoma runoffs; and Caucus approaches

News / / , / 1 minute of reading

Congress remains on August recess, providing key opportunities for credit unions to meet with lawmakers in-district.  The NCUA holds a closed board meeting for a Board Appeal today at 1 p.m. Eastern.  Also today, Oklahoma voters head to the polls for runoff elections in the primaries of both parties.  America’s Credit Unions is preparing for …

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Credit unions: Submit feedback on Financial Data Transparency Act Standards

News / / 1 minute of reading

Credit unions are encouraged to submit feedback on a proposed rule jointly published by the OCC, Fed Board, FDIC, NCUA, CFPB, FHFA, CFTC, SEC, and Department of Treasury on establishing data standards to promote interoperability of financial regulatory data across the Agencies. Credit union impact will depend on agency-specific rulemakings by the NCUA and CFPB. …

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Fed Reserve chair shares insights on rate cuts, inflation, and path forward

News / / / 2 minutes of reading

Inflation and the path forward were central to Federal Reserve Chairman Jerome Powell’s remarks at the Fed’s annual symposium in Jackson Hole, Wyoming last week.  Powell reiterated the objective “to restore price stability while maintaining a strong labor market, avoiding the sharp increases in unemployment that characterized earlier disinflationary episodes when inflation expectations were less …

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In-district meetings bring credit union staff and lawmakers together

News / / , , , / 1 minute of reading

With two weeks left in the August recess, a Texas credit union is the latest to host an in-district Congressional meeting – and made sure as many people as possible at their credit union had the chance to take part. GECU welcomed Congresswoman Veronica Escobar, D, to their El Paso operations center last week in …

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Eight conferences provide CU professionals with invaluable knowledge in September 

News / / / 1 minute of reading

There’s something for everyone next month as America’s Credit Unions prepares to host eight conferences. They will provide credit union professionals with the latest information on topics ranging from advocacy, compliance and risk to collections and bankruptcy, investments, leadership, and more.   Learn more about each event:  Access the remaining 2024 lineup. 

America’s Credit Unions defends small business lending in American Banker op-ed

News / / , / 2 minutes of reading

America’s Credit Unions swiftly debunked claims from a former credit union executive turned community banker in an op-ed published Wednesday by Chief Advocacy Officer Carrie Hunt in American Banker. The author tried to paint the legacy of the credit unions industry’s support of Main Street businesses into something questionable all because of the tax status …

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To Mask or Not Mask

Compliance / / 3 minutes of reading

Last weekend I was out restocking the school supply closet in my home, which is really just a Rubbermaid bin, and I noticed that quite a few stores have made the switch from flamingos and floaties, to pens and pencils, and now, ghosts and goblins.  I always get a bit melancholy around this time thanks …

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Credit union-supported candidates win in Alaska, Florida and Wyoming primaries

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Candidates supported by the America’s Credit Union PAC and state leagues won across three states Tuesday. In Florida, the League of Southeastern Credit Union (LSCU) and America’s Credit Unions partnered to support candidate Mike Haridopolos (R) in the state’s 8th Congressional district to replace retiring Rep. Bill Posey, who did not seek re-election. Haridopolos won …

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Letter to NCUA weighs in on reducing regulatory burden 

News / / / 2 minutes of reading

Reducing regulatory burdens on federally insured credit unions remains a top priority, and America’s Credit Unions provided detailed comments in response to the NCUA’s request for comment on that topic as part of the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).   Every 10 years, the EGRPRA requires the Federal Financial Institutions Examination Council …

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