NCUA holds second open meeting

The National Credit Union Administration Board held its second open meeting of 2019 at the agency’s headquarters and unanimously approved one item: A proposed rule to clarify and provide additional flexibility in the agency’s regulation covering required credit union supervisory committee audits. The Office of the General Counsel briefed the Board on a final interagency […]

NCUA announces new rule to cover private flood insurance

Five federal regulatory agencies issued a joint final rule to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 requiring regulated institutions to accept certain private flood insurance policies in addition to National Flood Insurance Program policies. The rule, which takes effect July 1, 2019: Implements the Biggert-Waters Act requirement that regulated lending institutions accept […]

Washington Wire – Feb. 12, 2019

Both the House and Senate are in session this week.  President Trump and Congressional leaders are continuing negotiations on an agreement to fund the federal government through Sept. 30, the end of fiscal year 2019.  The current Continuing Resolution funds the federal government through Feb. 15. The House will also consider H. J. Res. 37, directing the “removal of United States Armed […]

Executive Dialogue planned in April

Join us for the 2019 CEO Executive Dialogue in Bonita Springs, FL, at the Hyatt Regency Coconut Point Resort & Spa on April 3-4. This meeting is exclusively for large asset-size credit union CEOs and provides opportunities for engaging conversation on major topics and trends relative to our industry. Steve Williams, principal and co-founder of […]

LSCU/credit union media coverage government shutdown

Credit unions helping Floridians during shutdown Miami Herald, Jan. 13, 2019 Thousands of federal workers living in Florida are facing firsthand the pressure of missing their first paycheck as a result of the partial government shutdown. This standoff, coupled with the stress of not knowing when this crisis will end, has sent many folks running […]

Phishing campaign targets credit unions

Cybersecurity expert and former Washington Post reporter Brian Krebs recently reported in his column, Krebs on Security, that a malicious malware campaign targeted credit unions last week. In the article, “Phishers Target Anti-Money Laundering Officers at U.S. Credit Unions,” Krebs says because the phishing campaigns were sent to specific anti-money laundering contacts, there is some […]