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05/24/2013
CUNA: Fed Interchange Survey Needs Further Vetting
CUNA News Now Headlines 5/24/2013 - Provided as a courtesy and valuable service of the Credit Union National Association
CUNA Contacts Fed For More Interchange Survey Info
While a new Federal Reserve survey claims the interchange fee cap exemption is working for small issuers, details about credit unions' experience in this area are not fully reflected and CUNA is talking with the agency to find out more about the survey results, CUNA President/CEO Bill Cheney said Thursday. More
House Approves Federal Student Loan Rate Flexibility
Legislation that would tie student loan interest rates to 10-year U.S. Treasury notes, and allow those student loan rates to reset each year, was passed by the U.S. House on Thursday. More
Filene Report: Are CUs Measuring Right Performance Indicators?
Key performance indicators such as return on assets, net promoter score and loan to assets, are used by credit unions because they are the easiest to measure, aggregate and compare, according to a new paper from the Filene Research Institute. However, they do not address credit unions' identity crisis--the need to form and describe a business model that is different from noncooperative financial institutions. More
Thanks To CU Employees, 22 Lives Saved, Report Nation's Media
While a vault in the now-destroyed Moore, Okla., branch of Tinker FCU is getting credit for saving the lives of 22 people during Monday's tornado, the stories they brought out with them indicate heroic measures taken by credit union staff to keep the vault door closed and people inside safe. More
Celent: FI Branches To Decline 30%-40% In Decade
The number of branches built by credit unions and banks are expected to decrease between 30% and 40% in the next decade, according to Celent, a Boston-based financial services research and consulting firm. More
Connecticut Gov. Proclaims Value Of Reality Fairs
Connecticut Gov. Dannel P. Malloy has sent an official proclamation to the Credit Union League of Connecticut praising the value of its Financial Reality Fair program. The program is sponsored by Connecticut credit unions. More
Minnesota CU Network Elects Board
The Minnesota Credit Union Network announced the results of its board elections at its Annual Meeting and Convention May 17-18 in Bloomington, Minn. More
Mortgage Rates Rising, Could Impact Refinancing
Fixed-mortgage rates in the U.S. are trending higher for a third consecutive week, putting pressure on refinance momentum, according to Freddie Mac's Primary Mortgage Market Survey released Thursday. That could help credit unions, which get a good amount of loans from mortgage refinancings. More
CUNA Closed Monday For Holiday, No News Now
CUNA's Washington, D.C, and Madison, Wis., offices will be closed Monday in observance of the Memorial Day holiday. News Now will not post a Monday issue but will resume regular publication on Tuesday. More
CUNA Resources
CUNA Bank Secrecy Act Conference topics announced for 2013
CUNA understands that, as a credit union compliance professional, it can be difficult to keep track of the changing details of compliance from inside an office. Attend CUNA Bank Secrecy Act Conference, November 4-6, Orlando, FL. to stay up-to-date on BSA statutory and regulatory training requirements that you need in order to comply with the complex federal BSA law.
- Updates from Bank Secrecy Act (BSA) compliance officers, state and federal examiners, industry experts and regulators
- Loaded schedule of sessions and networking opportunities
- Earn your CUNA Bank Secrecy Act Compliance Specialist (BSACS) designation
Keep current with the Bank Secrecy Act.
Register early and save $200! Learn more and register.
Showcase Your Credit Union’s Excellence!
Deadlines for two CUNA Council award programs are quickly approaching:
- The CUNA Technology Council Excellence in Technology Awards recognize credit unions that have identified and developed solutions to current technology issues. Entry deadline is June 28, 2013.
- The CUNA Operations, Sales & Service Council Excellence in Operations, Sales & Service Awards showcase new approaches and outstanding practices which have transformed everyday operations. Entry deadline is June 30, 2013.
Winning credit unions will receive one complimentary conference registration and will be recognized at the co-located CUNA Operations, Sales & Service Council Conference and CUNA Technology Council Conference, September 22-25 in Hollywood CA.
Apply today!
