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03/11/2014

Expect changes, 'as appropriate,' to RBC plan

CUNA News Now Headlines 03/11/2014 - Provided as a courtesy and valuable service of the Credit Union National Associatio

NCUA to CUNA: Changes could come for final RBC rule

National Credit Union Administration Chairman Debbie Matz has assured CUNA that key changes to the agency's risk-based capital proposal are not out of the question prior to the rule becoming final. More

CUNA part of cross-industry collaboration to improve data security

CUNA and credit unions are part of a new, a cross-industry effort to improve payment security systems. Formed by MasterCard and Visa, the group will focus on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions, MasterCard said in an announcement. More

In Congress: McWatters, flood insurance, FHLB membership for privately insured CUs

The Senate Banking Committee's rescheduled hearing for the nomination of J. Mark McWatters to become a National Credit Union Administration board member and a potential markup of legislation that would allow some credit unions to join the Federal Home Loan Bank system are on the congressional calendar this week. More

CUs offering citizenship loans for immigrants

Helping immigrants obtain citizenship status is one of the ways credit unions fulfill the people-helping-people philosophy in the new millennium. More

'Better Choice' equals $27M in better savings for members

More than 87,000 short-term loans have been issued in Pennsylvania through the "Credit Union Better Choice" since the program was launched in 2006---saving borrowers more than $27 million over using a traditional payday lending product, the Pennsylvania Credit Union Association reported. More

CUNA attends 1st meeting of Treasury's youth fin. ed. council

The President's Advisory Council on Financial Capability for Young Americans held its first meeting Monday, and CUNA joined U.S. Treasury Secretary Jack Lew, Education Secretary Arne Duncan, Senior Advisor to the President Valerie Jarrett, and private, public and nonprofit leaders and innovators for that inaugural session. More

Consumers moving faster to mobile bill pay then providers, Fiserv says

Billing companies are having a difficult time keeping up with the swelling popularity of mobile bill-pay services, according to results of Fiserv's annual Mobile Bill Pay Benchmark study. More

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Strengthen your board and volunteers

Today's rapidly changing credit union climate has credit unions relying more heavily than ever on the leadership skills of their elected volunteer team. To keep up with this pace, more and more credit unions are requiring continuing education for their volunteers. CUNA Volunteer Achievement Program (VAP) is your credit union’s solution to learning opportunities for both new and experienced volunteers.

VAP provides flexible courses in a variety of formats that help your volunteers make strategic, responsible decisions to benefit your credit union:

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