Following a committee hearing on regulatory burden, a number of members of Congress remarked that credit unions did not have hard data to back up their argument. So, CUNA commissioned Cornerstone Advisors, a credit union and community bank...
The NCUA board approved the final MBL rule in its meeting on Thursday. The new rule will go into effect on Jan. 1, 2017 and it is a complete overhaul of the previous rule. During the comment period of the meeting, Chairman Debbie Matz said the rule...
Rep. Patrick Murphy (D-FL) has joined Reps. Bill Posey (R-FL) and Dennis Ross (R-FL) as representatives from the LSCU delegation to sign a “Dear Colleague” letter to the NCUA. The League has learned that Rep. Mike Rogers (R-AL) was a...
The LSCU & Affiliates board of directors voted in favor of endorsing Alabama Republican incumbent Richard Shelby for United States Senate. He is a five-term Senator who is also the chairman of the important Senate Banking committee. His primary...
LEVERAGE renewed its long-standing partnership with CO-OP Financial Services to continue offering select CO-OP products and services to credit unions. Under the new five-year agreement, LEVERAGE will be offering credit unions CO-OP ATMs, the...
The second week of the Alabama Legislative session saw more action than the first, and looks as if things are beginning to speed up. The House passed several pieces of legislation last week; however, the real story is what did not pass. Last...
A second Florida Representative has signed a “Dear Colleague” letter asking the NCUA to be committed to returning to an 18 month exam cycle. Rep. Dennis Ross (R-FL) joins Rep. Bill Posey (R-FL) as the first two members of the Alabama and...
LEVERAGE partner Love My Credit Union Rewards February newsletter is out. Check out the new issue today and share it with your team. The latest newsletter includes the following articles: Big Things are Coming from LMCUR and Sprint Peak Tax Season –...
Back in December 2014, Pres. Obama signed H.R. 3468, the Credit Union Share Insurance Fund Parity Act, into law and it directed the NCUA to extend share insurance coverage to trust accounts, such as Interest on Lawyer Trust Accounts (IOTLAs), opened...
The League, CUNA, and state leagues are working to have their federal delegation sign a letter asking the NCUA to move to an 18-month exam cycle. Last year, the House unanimously passed H.R. 1553, the Small Bank Exam Cycle Reform Act, 411-0. This...