ICYMI: HR 1151’s legacy 20 years later

Credit Union Journal published an article looking back to 1998 when President Bill Clinton signed HR 1151 – The Credit Union Membership Access Act – into law, legalizing the right of credit unions to welcome members from multiple groups instead of a single group. To commemorate that important step, reporters spoke to leaders in the industry […]

CUNA studies HR, OD roles in CU success

The CUNA HR & Organizational Development Council has published a new white paper, “Inspiring Strategic Thinking: How HR and OD Lead a Forward-Thinking Credit Union.” HR and organizational leaders are in a prime position to advocate for, and facilitate, the development of strategic thinking as a core competency among their fellow executives, and at the […]

Filene studies ‘reaching minority households’

Many traditional financial institutions struggle to meet the needs of minority households. It’s a reality that’s disheartening to admit but hard to deny considering that 45.5 percent of Hispanic and 49.3 percent of African American households were unbanked or underbanked (a designation often employed to convey financial fragility) in recent (2015) figures put out by […]

Kraninger BCFP confirmation hearing today

This morning at 10 a.m. ET, Kathy Kraninger’s confirmation hearing will begin for the Bureau of Consumer Financial Protection (formerly CFPB) before the Senate Banking Committee. A copy of her prepared testimony was provided by LSCU sources. Yesterday, Sen. Elizabeth Warren released a report critical of Kraninger’s alleged lack of administrative or budgetary experience.  Warren […]

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 […]

LSCU, CUNA supported Risk Based Capital delay bill passes House

The House passed a bill Tuesday that contains an LSCU and CUNA supported provision to delay the implementation date of NCUA’s risk-based capital rule. Specifically, it would push the bill’s effective date back to Jan. 1, 2021, from the currently scheduled Jan. 1, 2019 date. The League has worked closely with Congressman Bill Posey to […]