ACUA requests CU comments on recently approved changes

The Board of the Alabama Credit Union Administration recently approved a series of changes to the regulations applicable to state-chartered credit unions. The regulatory changes include relaxed constraints on Credit Union Service Organizations (CUSO) and fixed asset ownership. It is important for credit union stakeholders to provide the administration with input regarding how the specific […]

The Board of the Alabama Credit Union Administration recently approved a series of changes to the regulations applicable to state-chartered credit unions. The regulatory changes include relaxed constraints on Credit Union Service Organizations (CUSO) and fixed asset ownership. It is important for credit union stakeholders to provide the administration with input regarding how the specific changes may affect their credit union or to at least voice their support for the administration’s efforts at reducing regulatory burdens.
You can review the request for comments here and review the amended regulations here.  If you have any questions, please contact Mike Lee.
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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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