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...
The League is hearing from NCUA sources that the NCUA board will vote to finalize changes to the member business lending (MBL) regulation at its February 18 meeting. The revisions to the current MBL rule were proposed and issued for comment at the...
The final budget proposal from the White House looks to add $4 trillion in new spending and pay for it by taxing the wealthy, oil companies, and big banks. The proposed budget includes a new fee “on the largest financial firms on the basis of...
Apple added 30 financial institutions to its Apple Pay platform recently bringing the total of new financial institutions for 2016 to 81. Apple is signing on new retailers every month. Chick-fil-A restaurants, Au Bon Pain restaurants, and Crate...