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100M Memberships Reached!

Posted On: Aug 10, 2014

Credit unions have reached and surpassed 100 million memberships nationwide--equating to one in every three Americans, according to the Credit Union National Association. Credit unions added a total of 2.85 million additional memberships ...

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Listening Sessions Over: Time for Action

Posted On: Jul 23, 2014

Now that the 2014 Listening Sessions are completed, the National Credit Union Administration (NCUA) will be reviewing comments and ideas from the sessions into its work, including the ongoing review of ...

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Dover FCU's Clendaniel Speaks To House Subcommittee

Posted On: Jul 16, 2014

CUs Suffering from Regulatory Burden Speaking before a House Financial Institutions and Consumer Credit subcommittee hearing on regulatory relief proposals for community financial institutions, Dover FCU’s President and CEO, David Clendaniel, ...

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Banking Malware Found on Google Play

Posted On: Jul 14, 2014

An app targeting customers of the Israeli financial institution Mizrahi Bank has been discovered in the official Google Play store. Called BankMirage, the app harvested only user login names and ...

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NCUA to Extend RBC Phase-in

Posted On: Jul 11, 2014

NCUA Chairman Debbie Matz said during the agency’s second listening session that the agency’s final risk-based capital rule will include a longer implementation period than the proposed 18 months. Disputing CUNA’s estimation ...

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FCUA 80th Anniversary on June 26

Posted On: Jun 27, 2014

On June 26, 1934, President Franklin D. Roosevelt signed the Federal Credit Union Act. To mark the 80th anniversary, Rep. Ed Royce (R-CA) has submitted a statement to the Congressional ...

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RBC Changes Revealed

Posted On: Jun 27, 2014

The first of three NCUA “Listening Sessions” took place in Los Angeles yesterday, and it appears that NCUA may reduce the risk weights on five specific asset classes in its ...

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McWatters Get the Nod

Posted On: Jun 24, 2014

The full Senate has confirmed Mark McWatters, nominated by President Obama in January, as a member of the three-person NCUA Board. McWatters will succeed Michael Fryzel, and his term will ...

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Johnson, Crapo Call for ‘Clear, Well-Calibrated, Effective’ RBC Rule

Posted On: Jun 06, 2014

Sens. Tim Johnson (D-S.D.), the banking panel's chair, and Mike Crapo (Idaho), its ranking Republican member have asked federal credit union regulators to carefully consider any negative impact their risk-based ...

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Reg Relief Bills Pass House Committee

Posted On: May 27, 2014

Three credit union relief bills have been passed by the House Financial Services Committee: • H.R.2673: The Portfolio Lending and Mortgage Access Act – would treat mortgage loans held in portfolio ...

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