With new common bond rules taking effect, NCUA issues guidance

With the NCUA’s associational common bond rule taking effect Monday, the agency has sent a letter to federal credit unions with guidance on the rule. The letter (15-FCU-03) also includes information on the rule’s implementation policy and a supervisory letter to field staff on associational common bond requirements. The NCUA board approved the new field-of-membership […]

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 […]