President’s Point

Last week the Senate Finance Committee put forth its version of tax reform. This comes on the heels of the House Ways and Means Committee doing the same the previous week. In both bills, no changes were proposed to the not-for-profit tax status of credit unions. The House Ways and Means Committee voted its bill […]

FHFA offers update to alternative credit score model project

In response to a letter sent by CUNA and other financial services trades, the Federal Housing Finance Agency (FHFA) offered an update to its alternative credit score model project, noting the complexity of the analysis and that no changes would go into effect prior to the implantation of the Common Securitization Platform in mid-2019. The […]

CUs encouraged to comment on NCUA sweeping regulatory reform plan

The National Credit Union Administration is inviting credit union stakeholders to read and comment on a package of regulatory reforms recommended by an internal agency task force. The task force has recommended changes that would be adopted in the coming four years to clarify, improve, revise, or eliminate regulations. The NCUA Board approved posting the […]

Vote today in AL special election primary

Voters will go to the polls today to decide who will be their party’s nominee for the U.S. Senate seat vacated by Attorney General Jeff Sessions. Polls will be open from 7 a.m. until 7 p.m. local time. Luther Strange was appointed to the seat by then Gov. Robert Bentley, who also scheduled a special […]

LSCU Board of Directors formally backs Luther Strange for U.S. Senate

The Alabama Credit Union Association, an affiliate of the LSCU, announces its endorsement of Republican Luther Strange for United States Senate. The LSCU Board of Directors formally voted to endorse Strange in their June 13 board meeting. Strange holds the Senate seat formerly occupied by U.S. Attorney General Jeff Sessions and will face an election […]