CUNA News Archives

Compliance: OFAC publishes framework for compliance commitments

Compliance: OFAC publishes framework for compliance commitments

The Treasury’s Office of Foreign Assets Control (OFAC) published A Framework for OFAC Compliance Commitments last week to provide guidance on the essential components of an effective sanctions compliance program (SCP). A recent CUNA [...]

CFPB’s Kraninger talks tailored regs, PACE, UDAAP w/ CUs

CFPB’s Kraninger talks tailored regs, PACE, UDAAP w/ CUs

California and Nevada credit union leaders met with Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger is Los Angeles Tuesday to discuss credit union issues. Credit union leaders in attendance stressed the need for tailored [...]

PODCAST: Reflections on board service

PODCAST: Reflections on board service

John Sackett and Phil Browarsky are two long-time credit union board members who are dedicated to meeting the needs of their members in every stage of life. Sackett is a board member at Royal Credit [...]

CFPB proposes higher HMDA thresholds after strong CUNA push

CFPB proposes higher HMDA thresholds after strong CUNA push

The Consumer Financial Protection Bureau (CFPB) issued a proposed rule on Home Mortgage Disclosure Act (HMDA) reporting requirements Thursday, as well as an Advance Notice of Proposed Rulemaking (ANPR) about the costs and benefits of [...]

Donovan: Data concerns are economic, national security issue

Donovan: Data concerns are economic, national security issue

Data security and privacy issues create economic and even national security concerns, CUNA Chief Advocacy Officer Ryan Donovan wrote to Congressional offices Tuesday. Donovan reached out to Senate Commerce and House Energy and Commerce Committee [...]

Kai Kight: ‘Bring new music into the world’

Kai Kight: ‘Bring new music into the world’

Violinist Kai Kight likens leaders to composers: they must coax the sweetest notes out of their performers regardless of the instruments they play. “Composers must revise their music so it fits the individual’s context,” [...]

CUNA engaged w/ robocall, privacy, payday, diversity hearings

CUNA engaged w/ robocall, privacy, payday, diversity hearings

With Congress back in Washington, D.C. after a two-week recess, CUNA is engaged with several hearings, including ones addressing financial regulator supervision, robocalls, diversity and inclusion, payday lending and data privacy, among others. This [...]

What’s your risk appetite?

What’s your risk appetite?

Ken Schaafsma likens setting a risk threshold to crossing a speed bump. When you’re about to make impact, it’s time to slow down. "Sometimes risk appetites are quantitative, sometimes they’re qualitative,” says [...]

Nominations open for 2020 Herb Wegner Memorial Awards

Nominations open for 2020 Herb Wegner Memorial Awards

Credit union supporters are encouraged to nominate individuals and organizations for the Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation (the Foundation). Winners will be honored at the Foundation’s [...]

Compliance: MLA credit card fee spreadsheet updated for 1Q 2019

Compliance: MLA credit card fee spreadsheet updated for 1Q 2019

CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the first quarter of 2019. The updated resource can be found in the CUNA Compliance Community’s “Compliance Resources” tab, and under [...]

Turn limitations into creativity

Turn limitations into creativity

Everyone faces limitations, whether they are imposed naturally or externally. Phil Hansen has created a life defined by embracing those limitations and using them as inspiration for creativity. Hansen, multimedia artist, speaker, author, and innovator, [...]

CUNA leaders meet with new NCUA board member Todd Harper

CUNA leaders meet with new NCUA board member Todd Harper

CUNA President/CEO Jim Nussle, Chief Advocacy Officer Ryan Donovan, Deputy Chief Advocacy Officer Elizabeth Eurgubian and Senior Director of Advocacy and Counsel Mitria Wilson met with new NCUA board member Todd Harper Wednesday to [...]

Prioritizing member service leads small CUs to success

Prioritizing member service leads small CUs to success

As president/CEO of a small credit union, Lori Herrick said her credit union focuses on serving member needs. An that’s how Manchester Municipal FCU, Manchester, Conn., is able to run an in-house student [...]

Metro CU ‘CONNECTS’ with the community

Metro CU ‘CONNECTS’ with the community

Metro Credit Union, Chelsea, Mass., is part of a community partnership that provides its neighbors with resources and life skills to advance financial security. Since 2012, Metro has been a partner in CONNECT, a nonprofit [...]