FASB delays CECL for CUs until 2023

The Financial Accounting Standards Board voted on July 17 to extend the deadline for conversion to the Current Expected Credit Loss methodology to January 2023 for all but the nation’s biggest publicly traded banks. CECL is used as shorthand for the new GAAP requirement to include expected life of loan (LOL) losses in the allowance for […]

Make plans to Hike the Hill in October

Join LSCU & Affiliates Oct. 22-23 for its annual fall Hike the Hill grassroots lobbying trip to Washington, D.C. We have moved our annual Hike the Hill to October to help avoid the recent weather events that have caused us issues the past few years. Credit unions need to lead the charge in bringing our […]

Washington Wire – July 16, 2019

This week in Washington, the House will consider several resolutions disapproving of recent sales of military equipment to certain foreign nations.  In addition, the House will vote on H.R. 3494, the Damon Paul Nelson and Matthew Young Pollard Intelligence Authorization Act for Fiscal Year 2020, as well as H.R. 582, the Raise the Wage Act.  […]

Washington Wire – July 9, 2019

This week, the House of Representatives will vote on H.R. 1988, the Protect Affordable Mortgages for Veterans Act; H.R. 2162, the Housing Financial Literacy Act of 2019; H.Res. 456, a resolution “Emphasizing the importance of grassroots investor protection and the investor education missions of State and Federal securities regulators, calling on the Securities and Exchange Commission to collaborate with State […]

LSCU CEO shares disaster response wisdom in CU Times feature

Patrick La Pine, president/CEO of the LSCU, wrote a feature for Credit Union Times, offering helpful information to credit unions facing disasters. The article not only addressed issues credit unions in Florida and South Alabama faced during the unexpectedly wrathful Hurricane Michael but went on to share tips that other credit unions and leagues could […]

Gov. Ron DeSantis signs HB 7071 into law

Congrats to the LSCU & Affiliates advocacy team! Gov. Ron DeSantis signed HB 7071 into law on June 24, requiring all of Florida’s school districts to offer a half credit elective on financial literacy. Financial literacy will now be the only elective that is required to be offered in every school district. While the League […]