House Passes Delay of RBC Rule

The JOBS and Investor Confidence Act of 2018 (S. 488) passed the House of Representatives in a 406-4 vote on Tuesday. Title XVII of the House Amendment would delay the risk-based capital rule recently finalized by the National Credit Union Administration (NCUA). Credit Union National Association (CUNA) supports the measure as it reduces the impact […]

Roby wins Alabama primary runoff

Primary runoff elections were held across Alabama yesterday.  Voters went to the polls to determine their party’s nominee for several offices including Lt. Governor, Attorney General, and the U.S. House Seat representing the 2nd congressional district . Congresswoman Martha Roby defeated former congressman Bobby Bright winning 68 percent of the vote. This is Roby’s second […]

Washington Wire – July 17, 2018

This week, the House of Representatives will consider H.R. 6147, the “Interior, Environment, Financial Services, and General Government Appropriations Act, 2019.”  It will also consider H.Con.Res. 119, a resolution “Expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.” On June 13, 2018, the House Appropriations Committee passed the […]

InfoSight Spotlight: Loan channel – allowance for loan and lease losses

The allowance for loan and lease losses (ALLL), sometimes referred to as the loan-loss reserve, is a general reserve account maintained by the credit union to absorb loan losses. A combination of unexpected events or problem borrowers disrupts even the most reliable credit union’s plans, and the result is some amount of loss. To absorb […]

Shop Amazon Smile to benefit SECUF

Amazon Prime Day began yesterday and continues through today. Please log in at smile.amazon.com and Amazon will donate to Southeastern Credit Union Foundation.  Have fun shopping, while assisting an organization that makes a difference. Juli Lewis, SECUF director, says, “Did you know that Amazon accounts for 43 percent of online sales and that one out of […]

Bipartisan reg relief package includes RBC delay

Sources close to the LSCU shared information that late Friday, an agreement was reached by Hensarling and Waters on a new bipartisan reg relief package — the Posey RBC delay legislation is one of the provisions in the bill. Click here for provisions. This House effort will be folded into an existing Senate bill, and […]