MADISON, Wis. (11/4/13)--An article about the National Credit Union Administration's approval of a final rule addressing emergency liquidity and contingency funding plans for credit unions was the most-read News Now
article in October.
Four of the Top 10 stories dealt with the federal government's partial shutdown and how credit unions helped members with assistance programs.
The Top 10 articles for the month include:
10. Survey Shows New Mortgage Regs Could Force CUs To Reduce Programs
WASHINGTON (10/21/13)--Some credit unions may be forced to discontinue, delay, or reduce their mortgage loan product offerings due to Consumer Financial Protection Bureau mortgage regulation changes that are set to take effect in January, a Credit Union National Association survey has revealed.
9. CUs Offering Help To Furloughed Fed Employees
MADISON, Wis. (10/2/13)--Once the federal government announced its partial shutdown Tuesday, credit unions lost no time in letting impacted members know their credit unions will provide special rates, skip-a-payments, financial counseling and more to ensure members survive any furloughs with their finances intact.
8. Payday Passes, Fed Employees Seek Help From CUs
MADISON, Wis. (10/15/13)--Friday's payday drove home the implications of the federal government's partial shutdown for many federal employees who received half their pay. With the shutdown beginning its third week, credit unions, who already have furlough assistance plans in effect, are receiving requests for help from the furloughed workers.
7. NCUA: No NCUSIF Assessment In 2013
ALEXANDRIA, Va. (10/25/13)--Thursday's National Credit Union Administration open board meeting featured good news for credit unions: There will be no National Credit Union Share Insurance Fund premium assessment in 2013, agency Chief Financial Officer Mary Ann Woodson reported.
6. NCUA, CUNA, CUs Prepared For Government Interruption
WASHINGTON (10/1/13)--Federal workers walked away from their desks last night not knowing whether the U.S. government would be open for business this morning or not. But either way, the National Credit Union Administration on Monday said it would be open for business, and it encouraged credit unions to "maintain a state of readiness to help their members who may be affected by a potential government shutdown."
5. Bills Want To Boost Savings Via Prize-Linked Accounts
WASHINGTON (10/31/13)--Federal legislation that would allow credit unions and other financial institutions nationwide to offer prize-linked savings accounts was introduced in the U.S. House and Senate this week.
4. For CUs: Agencies' Status During Gov't Shut Down
WASHINGTON (10/2/13)--"While the gridlock in Washington has put many people in an unfortunate situation, it's important for the nation's 98 million credit union members to know that credit unions are still operating safe and sound," Credit Union National Association President/CEO Bill Cheney said following Tuesday's news of the federal government shutdown.
3. CUNA Brief: Fed Interchange Rule Bad, Court Ruling Worse
WASHINGTON (10/21/13)--The Federal Reserve Board has made errors in implementing the Dodd-Frank-imposed debit interchange fee cap, the Credit Union National Association said today in a legal brief, but a July 31 U.S. appeals court ruling overturning the rule would make things "significantly worse."
2. NCUA Unveils Upcoming CU Exam Changes
ALEXANDRIA, Va. (10/8/13)--Changes that will streamline credit union examination reports and improve the overall exam process by setting clearer expectations for credit unions and examiners will be introduced on Jan. 1, the National Credit Union Administration said in a letter to credit unions (13-CU-09) released this afternoon.1. CLF And Fed Discount Window Are Only Sources For Emergency Liquidity In New NCUA Rule
ALEXANDRIA, Va. (10/24/13)--A final rule addressing emergency liquidity and contingency funding plans for credit unions has just been approved at today's National Credit Union Administration open board meeting.