NCUA board will vote on final field of membership rule on Oct. 27

The NCUA board will vote on its final field of membership rule at its Oct. 27 open board meeting. CUNA supports the rule, as it would provide greater choice for consumers and provide flexibility for credit unions to better serve their communities. The rule, first proposed at the NCUA’s November 2015 meeting, contains a number of changes CUNA requested in […]

Friday Edition Credit unions holding their own in mortgage market

Credit union mortgage market share held flat at 6.1 percent in 2015 according to Callahan & Associates’ analysis of the just-released Home Mortgage Disclosure Act (HMDA) data. Callahan’s analysis shows that in 2015 credit union market share reached double digits in nine states. The largest change in mortgage market share was seen among non-depository financial […]

CUNA Mutual Group Chief Economist Rick predicts strong 2017

Credit unions will remain healthy during the next year, as memberships continue to grow, CUNA Mutual Group Chief Economist Steve Rick predicted Tuesday during the 2016 Virtual Discovery Conference. Based on recent trends, credit union membership is expected to increase 3.8 percent this year, slowing somewhat to 3.3 percent next year, Rick said. “Our membership […]

NCUA to repay U.S. Treasury balance due by Oct. 31

By Oct. 31, the National Credit Union Administration plans to fully repay the $1 billion outstanding balance on the agency’s borrowing line with the U.S. Treasury. When that payment is made, the Temporary Corporate Credit Union Stabilization Fund’s outstanding borrowings from the U.S. Treasury will be fully repaid. NCUA’s $6 billion borrowing line with the […]

Circuit Court to hear Oral Arguments in case challenging TCPA Order

Oral arguments in the case challenging the FCC’s July 2015 TCPA Order will be held Wednesday, Oct. 19. CUNA staff plans to attend the hearing that will be held at the D.C. Circuit Court of Appeals. CUNA has been closely following this case and filed a joint Amici Brief highlighting credit union concerns with the Order. Some of the specific consequences […]