The Home Mortgage Disclosure Act (HMDA) requires mortgage lenders nationwide to report certain data to their respective regulators. ComplianceTech compiled key data from HMDA reporters in 2014 (the latest information available), giving credit unions insight into the current mortgage lending landscape. Click the image for a larger version of the infographic.
The Halls of Congress were packed with credit union people from around the country. Alabama and Florida credit unions made 38 visits in just about seven hours. Also during the Hill visits, Reps. Mo Brooks (R-AL) and Bill Posey (R-FL) were honored with Lawmaker of the Year awards. Each has shown over the past year […]
The traditional opening of the CUNA GAC includes a drum and fife corp, a color guard, and a credit union representative from each state walking in with the state flag. CUNA President/CEO Jim Nussle also challenged credit unions to tell the #CUDifference with 15-second videos through social media. It’s not just for CUNA GAC attendees, […]
The National Credit Union Administration (NCUA) and the U.S. Treasury Department’s Community Development Financial Institutions Fund, Monday, signed an agreement that will streamline the application process for low-income credit unions to become certified as Community Development Financial Institutions (CDFI). Credit unions that obtain CDFI certification can access training and competitive award programs provided by the […]
With near record attendance for Alabama and Florida credit unions, as well as for the entire CUNA GAC, festivities kicked off Sunday with some sessions, author Daniel Pink, and the LSCU Welcome Reception. Located the Grand Hyatt, the LSCU host hotel, the LSCU Welcome Reception was standing room only as credit unions got reacquainted, made […]
As credit unions push the NCUA to return to an 18-month exam cycle, the FDIC has increased the number of small banks and savings associations eligible for an 18-month examination cycle. These institutions will move from the 12-month cycle. The FDIC sees this reduction as a savings to regulatory compliance costs for smaller institutions, while […]