Author name: America's Credit Unions

America’s Credit Unions Transition Board of Directors Thursday held its first official meeting since the new trade association launched Jan. 1. The board, led by Chair Brian Schools and Vice Chair Lisa Ginter, held a meet-and-greet with the association’s Executive Leadership Team, appointed committee assignments, approved a supplemental budget to support transformation efforts, and approved …

America’s Credit Unions Board meets for first time Read More »

Rep. Blaine Luetkemeyer, R-Mo., announced Thursday he will not run for re-election in 2024. A member of the House Financial Services Committee since his first election to the House in 2009, Luetkemeyer has consistently focused on financial and regulatory issues affecting credit unions. Throughout his tenure, he introduced several pieces of legislation supported by the industry. …

Rep. Luetkemeyer will not seek re-election in 2024 Read More »

NCUA will conduct a free webinar Jan. 11 explaining how to use the agency’s Simplified CECL Tool. Online registration is now open, and the webinar is scheduled to begin at 2 p.m. Eastern. Chris McGrath and Trey Damron from the NCUA’s Office of Examination and Insurance will review how the tool works and its latest …

NCUA webinar to cover Simplified CECL Tool Read More »

The NCUA, along with the FDIC, Office of the Comptroller of the Currency (OCC), and Federal Reserve issued a final rule last week that amends the Uniform Rules of Practice and Procedure. The rule alters regulations “to recognize the use of electronic communications in all aspects of administrative hearings and to otherwise increase the efficiency …

NCUA issues final rule, prohibition notice to end 2023  Read More »

America’s Credit Unions is legally active as of Jan. 1, and the organization is at the beginning of a “historic transformation into a new powerhouse national association,” America’s Credit Unions President/CEO Jim Nussle said in a video message sent to members Tuesday. With the new organization active, leaders and staff are focusing on advocating and …

Nussle: Transformation into ‘powerhouse’ national association underway Read More »

Credit unions can now access the America’s Credit Unions temporary website for need-to-know updates about the transformation, contact information, and important resources.  Members will still have access to the legacy NAFCU and legacy CUNA websites during the 2024 transition period. The website features a brief overview of America’s Credit Unions advocacy priorities, the latest posts on the Compliance Blog, and the 2024 event lineup. News stories and press releases are also accessible. …

Stay connected to America’s Credit Unions, access must-have resources Read More »

Credit union trades urged the CFPB to delay and make changes to its proposed rule that would require financial institutions – including credit unions – to provide transaction data and other information concerning a consumer financial product or service upon request. The proposed rule is the bureau’s effort to implement section 1033 of the Dodd-Frank …

Credit union trades write to CFPB on section 1033 rule  Read More »