The LSCU’s regulatory team is always focused on helping credit unions navigate the regulatory hurdles in their path. League expertise has been developed and procedures perfected through years of interaction with multiple state and federal regulatory agencies.
Our expertise in credit union issues is unparalleled and when it comes to facing regulatory compliance challenges, we believe no one can guide credit unions through the process better. Our regulatory professionals assist affiliate members with issues that include but are not limited to:
- Review and assistance with state agency/NCUA correspondence and exam responses
- Industry focused regulatory compliance presentations to management, staff and board of directors
- Interaction with federal and state regulators on behalf of credit unions
- Development and implementation of corrective action in response to examination issues
- Regulatory compliance overviews and assessments
- Long-term regulatory compliance program strategies for state and federally chartered credit unions.
Through the development of long-range regulatory strategies, maintaining a keen awareness of the activities of regulatory agencies, by ensuring LSCU members are fully informed of industry developments, and, speaking as one voice on regulatory issues, the LSCU works to continuously foster a regulatory environment in which credit unions can thrive.
CUNA has commissioned a study to see the real impact of regulatory burden on credit unions. This study, supported by state leagues, came about after members of Congress told CUNA that it needed hard data to show how much regulatory burden was crippling credit unions. Cornerstone Advisors commissioned the study to look at how much the financial impact on credit unions has changed since 2010. The study found that credit unions are seeing a $7.2 billion financial impact. Below are resources to help you better understand the impact and the study.
Credit Union Bill of Rights
The LSCU, along with CUNA, have put together a Guide for Credit Unions to reference during their scheduled examinations. This guide informs credit unions of their rights during and after the exam. The NCUA is working to improve communications with credit unions during the exam process.
Created by the California and Nevada Credit Union Leagues, and brought to you in partnership with CUNA, PowerComment is an innovative and highly-interactive online communication tool designed to connect credit union professionals with state and federal regulators.
By providing access to proposed rules, discussion boards, and direct commentary to agencies, every PowerComment member will be empowered to join the movement and help ensure a sustainable future.
- Alabama Commercial Code
- Alabama Credit Union Administration
- Alabama Credit Union Administration Regulations for State Chartered Credit Unions
- Florida Administrative Code
- Florida Statutes
- Office of Financial Regulation (OFR)
- OFR – Bureau of Credit Unions
- OFR – Forms and Applications
- Exam and Supervisory Issues
- CUNA Regulatory Burden (Membership) Survey Results webinar
- Federal Reserve
- Federal Trade Commission
- HMDA Guide
- NCUA Regulations for State Chartered Credit Unions
- U.S. Department of Treasury