MADISON (7/11/13)--An article about the release of the Senate Finance Committee's "tax options" paper on exempt organizations--with the elimination of the credit union tax status written clearly in black and white as a reform option--was the most-read News Now
article in June.
The Top 10 articles for the month included: 10. CUNA Refutes Banks' Tax Attacks In Hill, White House Letters
WASHINGTON (6/27/13)--Credit Union National Association President/CEO Bill Cheney Wednesday called it "offensive" that representatives of banks and thrifts, "which time and time again have needed taxpayer funded bailouts," have gone to top policy makers to say that "the government can no longer afford the credit union tax status." Cheney fought off the most recent bank attacks in letters to President Barack Obama and to Senate Finance Committee and House Ways and Means Committee leaders. 9. Cheney Report: CUs Concerned About Call Report Changes
WASHINGTON (6/10/13)--Credit unions are concerned that a rule going into effect June 30 that changes how credit unions define delinquent loans in call reports could drive up the number of reportable loans for some credit unions, Credit Union National Association President/CEO Bill Cheney said in the most recent issue of The Cheney Report
. 8. Loan Participation Rule Goes Into Effect July 25
WASHINGTON (6/26/13)--July 25 is the effective date of the National Credit Union Administration's final rule on loan participations, which implemented a number of improvements, sought by the Credit Union National Association, from the original proposal. 7. NCUA Issues Guidance On Credit Rating Rule
ALEXANDRIA, Va. (6/20/13)--Supervisory guidance on a National Credit Union Administration rule regarding the use of credit ratings by natural-person credit unions has been sent to federal examiners and credit unions by the agency. 6. ACUC Attendees To Storm Today Show Wednesday
MADISON, Wis. (6/27/13)--A group of Credit Union National Association representatives will "storm" the set of the Today
show Wednesday in conjunction with CUNA's America's Credit Union Conference, spreading credit unions' "Unite for Good" message to a nationwide television audience. 5. Report Debunks Myth Of The Uneven Playing Field
FEDERAL WAY, Wash. (6/7/13)--All of the major claims made by critics of credit unions in terms of uneven playing field are unsubstantiated, says an economic analysis released today. What's more, there is "no evidence that state and federal tax policies give credit unions unfair competitive advantages over banks." 4. NCUA Plan Would Limit Loan Participations To 25% Of Net Worth
ALEXANDRIA, Va. (6/18/13)--A final rule on loan participations has been added to the National Credit Union Administration's June open board meeting agenda. 3. CFPB Overdraft Report Out: Study Will Continue
WASHINGTON (6/11/13)--Consumer Financial Protection Bureau Director Richard Cordray states clearly in the bureau's report on financial institutions' overdraft programs, released at midnight, that the bureau does not intend to impede the offering of this service. The Credit Union National Association was among stakeholders included in an early briefing on Monday and CUNA President/CEO Bill Cheney had a personal call from Cordray. 2. NCUA Approves Loan Participation Rule
WASHINGTON (6/20/13)--The National Credit Union Administration's final approved rule on loan participations implemented a number of changes sought by the Credit Union National Association and is now a much more workable framework for credit unions to utilize loan participations, said CUNA President/CEO Bill Cheney. 1. Senate Finance Committee's 'Tax Options' Paper Notes CUs
WASHINGTON (6/13/13)--The release today of the Senate Finance Committee's "tax options" paper on exempt organizations--with the elimination of the credit union tax status written clearly in black and white as a reform option--should be a wake-up call for action by credit unions, Credit Union National Association President/CEO Bill Cheney said in immediate response to the paper's release.