The latest from CUNA

- by CUNA News

CECL delay to 2023 proposed, comments due Sept. 16

The Financial Accounting Standards Board (FASB) has issued its proposal on giving certain entities, including credit unions, additional time to implement the current expected credit loss (CECL) standard. The proposal would delay implementation of CECL [...]

- by CUNA News

NW CUs meet with Congress, NCUA during Congressional recess

Northwest credit union leaders welcomed an opportunity to meet in Olympia last week with Todd Harper, recently sworn in as a Director on the three-person board of NCUA. Rep. Denny Heck, (D-Wash.) helped to facilitate [...]

- by Ron Jooss, CU Magazine

Maurice Smith receives Lifetime Achievement Award

The African-American Credit Union Coalition (AACUC) recognized Maurice R. Smith as the 2019 Recipient of the AACUC Pete Crear Lifetime Achievement Award at its 21st Annual Conference in Charlotte, N.C. Smith, CEO of Local [...]

- by CUNA News

CFPB announces updates TILA fees, thresholds for 2020

The Consumer Financial Protection Bureau (CFPB) has announced adjusted threshold amounts for several provisions in Regulation Z, which implements the Truth in Lending Act (TILA). The CFPB is required to calculate the dollar amounts for [...]

- by CUNA News

FHFA to make CUNA-requested question removal to URLA

The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to make specific modifications to the Uniform Residential Loan Application (URLA), including removal of a question CUNA feels could have raised legal [...]

- by Ron Jooss, CU Magazine

Embrace ‘coopetition,’ Nussle says

Credit unions need to work together for the good of the movement, embracing collaboration as our “superpower,” says CUNA President/CEO Jim Nussle. “We do it better if we do it together,” he says. Nussle, [...]

- by CUNA News

LSCU’s La Pine: CUs purchasing banks is a ‘win-win’

It’s a win for consumers, their communities and their financial institution in the few scenarios when a credit union purchases a bank, League of Southeastern Credit Unions President/CEO Patrick La Pine wrote this [...]

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Latest Press from CUNA

CUNA: 87 earn CCUE designation at 2019 CUNA Management School

Eighty-seven graduates of CUNA Management School, held July 14-24 in Madison, earned their Certified Credit Union Executive (CCUE) designations. Awarded after completing a three-year executive education program, as well as exams, projects and an oral [...]

CUNA responds to FTC, calling for national data privacy standard

Credit Union National Association (CUNA) today wrote to the Federal Trade Commission (FTC) in support of amendments to the Safeguards Rule, which requires financial institutions to develop, implement and maintain a comprehensive security program to [...]

Cannabis banking: Senate Banking hearing to feature CUNA rep

Rachel Pross, Chief Risk Officer at MAPS Credit Union in Salem, Oregon will testify on behalf of Credit Union National Association (CUNA) at a hearing on cannabis banking, , “Challenges for Cannabis and Banking: Outside Perspectives,” [...]