Pen Air partners with Manna and first responders to collect 34,707 pounds of food On June 27, Manna Food Pantries announced the results of the second annual Donut Strike to “arrest hunger” in Escambia and Santa Rosa counties. The strike...
Next week, the National Credit Union Administration will pay dividends for more than 5,700 institutions eligible for the $735.7 million Share Insurance distribution, the agency announced today. Statements will be mailed to dividend recipients this...
Credit union organizations can now apply for a Bite of Reality App Grant from the National Credit Union Foundation through Aug. 31. The Foundation seeks to distribute up to $50,000 in grant funds to credit union organizations as part of this effort...
This morning at 10 a.m. ET, Kathy Kraninger’s confirmation hearing will begin for the Bureau of Consumer Financial Protection (formerly CFPB) before the Senate Banking Committee. A copy of her prepared testimony was provided by LSCU sources...
The JOBS and Investor Confidence Act of 2018 (S. 488) passed the House of Representatives in a 406-4 vote on Tuesday. Title XVII of the House Amendment would delay the risk-based capital rule recently finalized by the National Credit Union...
Primary runoff elections were held across Alabama yesterday. Voters went to the polls to determine their party’s nominee for several offices including Lt. Governor, Attorney General, and the U.S. House Seat representing the 2nd congressional...
This week, the House of Representatives will consider H.R. 6147, the “Interior, Environment, Financial Services, and General Government Appropriations Act, 2019.” It will also consider H.Con.Res. 119, a resolution “Expressing the sense of Congress...
The allowance for loan and lease losses (ALLL), sometimes referred to as the loan-loss reserve, is a general reserve account maintained by the credit union to absorb loan losses. A combination of unexpected events or problem borrowers disrupts even...
Amazon Prime Day began yesterday and continues through today. Please log in at smile.amazon.com and Amazon will donate to Southeastern Credit Union Foundation. Have fun shopping, while assisting an organization that makes a difference. Juli Lewis...
Sources close to the LSCU shared information that late Friday, an agreement was reached by Hensarling and Waters on a new bipartisan reg relief package — the Posey RBC delay legislation is one of the provisions in the bill. Click here for provisions...