CUs join forces to improve member services

Local Government Federal Credit Union in Raleigh, NC, and Florida A&M University FCU, Tallahassee, FL, said they joined forces to help each other improve services to their memberships. “These seemingly different credit unions agreed to collaborate on strategy, governance and operations,” the credit union said in a statement. “This is a story that gets to […]

McWatters’ letter to Sen. Hatch addresses FOM and CU tax exempt status

Yesterday, the NCUA released a copy of chairman Mark McWatters’ response letter to Sen. Orrin Hatch addressing the continued relevance of the credit union tax exemption. Hatch, chairman of the U.S. Senate Committee on Finance, had sent a letter to the NCUA earlier this year asking six questions regarding expansion of field of membership for credit […]

Washington Wire

This week, the House is expected to consider H.R. 4, the FAA Reauthorization Act of 2018. The Senate is expected to consider S. 140, the Coast Guard Reauthorization Act. In addition, the Senate may consider the nominations of Stuart Kyle Duncan to be United States Circuit Judge for the Fifth Circuit and Mike Pompeo to […]

Compliance: New mortgage servicing rules now effective

Last week, April 19 marked the effective date of the second round of amendments to the Consumer Financial Protection Bureau’s (CFPB) mortgage servicing rules, finalized August 2016. This means confirmed successors in interest are now entitled to the same servicing protections available to borrowers under both Regulation Z and Regulation X. It also means that […]

InfoSight Spotlight: Loans and Leasing

The Loans and Leasing channel provides nearly 40 topics, some of which are state-specific.  You’ll find information on the various lending acts, including:  Equal Credit Opportunity Act, FACT Act, Fair Credit Reporting Act, Fair Housing Act, HOEPA, Military Lending Act and more. If your credit union handles Other Real Estate Owned (OREO) properties, the requirements […]

SAS Credit Union Conference planned in Birmingham

The Small Asset Size (SAS) Credit Union Conference planned for May 17 in Birmingham, AL, is designed for credit unions under $50 million in assets but may also be appropriate for credit unions under $100 million in assets. SAS Conferences provide insightful information on topics most important to smaller credit unions right now as well as […]