Times highlights League letter to Rep. Posey on RBC

The CU Times ran a story on Thursday highlighting two leagues that sent letters of support to their U.S. Representatives for H.R. 2769, a bill asking the NCUA to stop and study its risk-based capital (RBC) rule. The LSCU & Affiliates President/CEO Patrick La Pine wrote Rep. Bill Posey (R-FL) on behalf of credit unions […]

EMV distribution does not mean EMV awareness

A new study has found that EMV card distribution does not equate to EMV cardholder awareness. The findings, which were conducted by Javelin Research, show the need to educate consumers. “EMV has been widely perceived as more stick than carrot, with both issuers and merchants dragging their feet on the October 2015 readiness milestone. However, […]

Credit unions report growth

From the Montgomery Advertiser Montgomery-area credit unions added 1,700 new members and $61 million in new assets in the first quarter, part of the 13,000 new total credit union members statewide in that time, according to the League of Southeastern Credit Unions and Affiliates. Alabama credit unions now have 1.93 million members and $19.5 billion […]

Florida credit unions see significant growth in members in Q1

From South Florida Business Journal Florida-based credit unions added 90,000 new members in the first quarter of 2015, a 2 percent growth, blowing past the 5 million mark to reach 5.05 million, according to a report released Wednesday from the League of Southeastern Credit Unions & Affiliates. Credit unions in the Sunshine State added $2 […]

CFPB proposes Oct. 3 as TRID effective date

The Consumer Finance Protection Bureau (CFPB) announced last week that it’s proposing to delay the effective date of the Know Before You Owe integrated mortgage disclosure rule until Oct. 3, a Saturday, instead of Oct. 1. The bureau originally had proposed an Aug. 1 effective date of the Truth in Lending Act (TILA) and Real […]

Join the League and Hike the Hill – Sept. 16-17

Join LSCU & Affiliates Sept. 16-17 for its annual fall Hike the Hill grassroots lobbying trip to Washington, D.C. Your participation in this year’s Hike the Hill is as important as ever. With increasing regulatory burden, tax reform still an issue, and other important pieces of legislation, the League needs grassroots advocates to join them […]

Google to invest $600 Million in Alabama with new data center

Google announced Wednesday that it will build a new data center on the grounds of the Widows Creek coal power plant in Jackson County, AL. It will be Google’s14th site globally. Alabama Gov. Robert Bentley and Secretary of Commerce Greg Canfield have reported that the new data center will bring a $600 million initial investment […]

Florida governor signs budget, vetoes nearly $500 million

Gov. Rick Scott signed the new state budget in the privacy of his Capitol office yesterday morning, the first time in memory that a Florida governor took that important annual step in secret. The $78.7 billion budget includes $207 more per-pupil in Florida public schools and a tax cut package worth about $430 million with […]