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Credit Union Daily News
 
Foundation approves 8 Reality Fair grants totaling $40K
The National Credit Union Foundation has approved eight Bite of Reality App Grants totaling $40,000 to help credit union organizations bring additional scale and reach to the reality fair experience.

NCUA board approves agency’s 2019 annual performance plan
The NCUA board approved the agency’s 2019 Annual Performance Plan at its Thursday meeting, and finalized a rule on required inflation adjustments to civil money penalties. The board also received a briefing on its new website.

Senate finalizes committee assignments for 116th Congress
Senate Republicans and Democrats announced and ratified committee assignments for the 116th Congress.The full list of committee assignments for the Senate Appropriations, Banking, Commerce, Finance and Judiciary Committee can be found on CUNA’s Removing Barriers Blog.

Rodney Hood re-nominated to serve on NCUA board
President Donald Trump nominated former NCUA board member Rodney Hood Wednesday to fill the board seat currently held by board member Rick Metsger. Hood was nominated in the last Congress but not confirmed.

CUNA continues call for information on CU shutdown assistance
CUNA is continuing to collect information on the increasing the number of credit unions around the country that are providing assistance to furloughed federal workers. CUNA’s Shutdown Assistance page features information on credit unions helping members.

NCUA board to talk 2019 performance plan, website redesign Jan. 17
The NCUA board will hear two briefings and discuss the agency’s 2019 performance plan at its Thursday meeting, its first of 2019. The meeting is scheduled to begin at 10 a.m. (ET), and will be streamed live.

Basel Cmte adopts World Council-backed market risk approach
The Basel Committee on Banking Supervision Monday finalized amendments to the Basel III market risk framework which introduce a simplified approach supported by World Council of Credit Unions that will help limit regulatory burdens on credit unions.

CUNA: CUs positioned to combat elder financial abuse
CUNA strongly supports efforts to help protect seniors from financial exploitation and to empower seniors to make responsible financial decisions.

Foundation approves 3 grants for CU to develop fin. health KPIs
The National Credit Union Foundation has approved grants totaling $54,000 for three organizations to work with the Center for Financial Services Innovation to develop financial health-related key performance indicators.

CUNA calls for increased flexibility for FCU bylaws
CUNA supports an approach to federal credit union bylaws that provides those institutions flexibility to work within the bylaws, as well as an efficient amendments process when deviation is appropriate, CUNA wrote to NCUA Monday.

Nussle talks 2019 goals, CUNA GAC and more on podcast
CUNA President/CEO Jim Nussle appeared as the inaugural guest on “The CUInsight Experience,” a podcast featuring thought leaders from around the credit union community, sharing the latest on CUNA’s advocacy efforts.

CUNA names Greg Michlig chief engagement officer
CUNA has named Greg Michlig as chief engagement officer. In this role he will continue to work closely with CUNA's leadership team and marketplace leaders to implement lasting, positive change within CUNA.

CULAC raises record-breaking $5.3M for 2017-18 cycle
The Credit Union Legislative Action Council, CUNA’s federal political action committee, raised a record-breaking $5.3 million for the 2017-2018 election cycle, CUNA announced Monday, among the trade association PACs nationally.

Compliance: NCUA outlines supervisory priorities for 2019
NCUA outlined its areas of supervisory focus in its first Letter to Credit Unions of 2019, which includes Bank Secrecy Act compliance; concentrations of credit; consumer compliance; CECL; information systems and assurance; and liquidity and interest rate risks

CUs aid workers impacted by shutdown, CUNA collecting info
America’s credit unions continue their work to ensure members affected by the government shutdown have access to low- or no-interest loans. CUNA is currently collecting information regarding the assistance credit unions across the nation are providing.

CUNA looks to future engagement as CFPB releases rule assessments
The Consumer Financial Protection Bureau released assessment reports on its Ability-to-Repay/Qualified Mortgage and mortgage servicing rules Thursday. The Dodd-Frank Act required the bureau to assess both rules.

Board, cmte members recognized through Volunteer Achievement Program
Credit union board and committee members earned more than 400 certificates through CUNA Volunteer Achievement Program in 2018, setting themselves apart as more informed and involved assets to their credit unions.

Donovan talks CUs’ 2018 wins, 2019 goals on CUBroadcast
Last year was a critical, watershed year for credit union advocacy, one that makes CUNA, leagues and credit unions optimistic for 2019, CUNA Chief Advocacy Officer Ryan Donovan said on CUBroadcast.

CUNA announces early contributions to Awareness Initiative
CUNA announced Thursday significant early financial support to the Awareness Initiative, a groundbreaking effort being led by CUNA to grow consumer awareness and consideration of credit unions as the best financial partners. 

Foundation announces new engagement department
The National Credit Union Foundation has announced a staff transition that will see three current employees take on exciting new roles with an increased focus on demonstrating the impact of Foundation programs and growing the number of Foundation supporters.

Registration and keynoters announced for 2019 CUNA Finance Council Conference
The largest annual networking and educational event for credit union finance professionals, CUNA Finance Council Conference is now open for 2019 registration. This year’s conference will be held in New York City, May 19-22.

CUNA announces 2019 opportunity to earn Enterprise Risk Management Certification
CUNA Enterprise Risk Management Certification School is now open for 2019 registration, offering attendees the chance to master the core concepts of sound enterprise risk management and become an expert in enterprise risk management.

Keynote speakers named for CUNA M&BD Council Conference
Keynote speakers Alex Sheen and Jim Knight will appear at the 2019 CUNA Marketing & Business Development Council Conference, the largest industry networking event for professionals in the marketing and business development fields, set for March 20-23 in Las Vegas.

World Council supports IASB’s existing treatment of equity
The World Council of Credit Unions supports the existing accounting treatment of cooperative shares as equity, but asked for some clarifications in a letter to the International Accounting Standards Board sent this week.

Nussle: Emergency mergers protect members, insurance fund
Emergency credit union mergers helps protect the credit unions, members and the National Credit Union Share Insurance Fund, CUNA President/CEO Jim Nussle wrote Wednesday in an op-ed in American Banker.

November MCUEs: CU membership, loan growth remain healthy
Credit union memberships are on pace to grow nearly 4.5% this year, the fastest rate in four decades, according to CUNA’s latest Monthly Credit Union Estimates.

Six new organizations join CUNA as associate biz members
CUNA has announced 6 new associate business members. These business advocates join in CUNA’s advocacy efforts to provide the best services for credit unions, push advocacy with stronger combined efforts and gain access to extensive opportunities,

League-initiated legislation yields 9th year of fee credits for Ill. CUs
The Illinois Credit Union League (ICUL) reports the margin threshold has been surpassed for the state’s fiscal year ending June 30, 2018, entitling state-chartered credit unions to an excess over margin regulatory fee credit.

CULedger to host company update, live online demo Jan. 18
CULedger, a credit union-owned credit unions service organization that focuses on delivering innovative applications to credit unions through its cross-border global distributed ledger platform, is hosting a live stream special event Jan. 18 at 3 p.m. (ET).

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