January 27, 2014
Tailored approach better to address any home-based CU issues, CUNA says
A proposal that would modify the operations of home-based federal credit unions is not justified on safety and soundness grounds, CUNA said in a comment letter to the National Credit Union Administration. More
aSmarterChoice changes detailed on 'Inside Exchange'
aSmarterChoice.org is now even smarter, and Amaia Kirtland, Credit Union National Association social and digital media manager, outlines the changes to CUNA's consumer website in a new edition of "Inside Exchange." More
Tinker FCU reopens branch demolished by tornado
An Oklahoma credit union branch devastated by a tornado last spring is set to reopen today with a tribute to a "saving" plan no financial institution wants to offer. More
LSCU pushes for legislation on public deposits, foreclosures
The League of Southeastern Credit Unions is getting ready for a legislative marathon. The Alabama and Florida state legislatures typically convene in January and complete their agendas by the beginning of May. This year, Alabama's legislature started in January and will end sometime in April. More
N.J. league briefs Sen. Booker on CU issues
Representatives from the New Jersey Credit Union League and other industry stakeholders met last Thursday with freshman U.S. Sen. Cory Booker (D-N.J.). More
Miss. CUs' QM considerations in Business Journal
The Mississippi Business Journal recently looked into how the Consumer Financial Protection Bureau's ability-to-repay/qualified mortgage (QM) rule is affecting credit unions in its state--particularly the 63 low-income designated credit unions. More
FBI warns hacking attacks are on the rise
Hacking attacks similar to the one that caused the Target data breach are on the rise, the Federal Bureau of Investigation warned in a report sent to retailers on Feb. 17. More
Republican forum formalizes FATCA opposition
The Foreign Account Tax Compliance Act (FATCA) could become a high-priority issue in this year's elections after Republican National Committee members added FATCA opposition to the party's policy platform last Friday. More
Parsons Pittsburg CU, Kansas, conserved
The Kansas Department of Credit Unions said it recently uncovered "unsafe and unsound" practices at Parsons Pittsburg CU that have moved the state regulator to place the $13.5 million-asset credit union into conservatorship and name the National Credit Union Administration as agent to handle its daily operations. More
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