WASHINGTON (3/25/13)--This week's edition of The Cheney Report
starts off with some positive economic news: Credit unions in 2012 hired at the highest rate since the Great Recession began in 2007.
The positive hiring news is "just another sign of increasing confidence by credit unions for their futures," Credit Union National Association President/CEO Bill Cheney wrote.
CUNA analysis of the National Credit Union Administration's 2012 year-end call report data showed that full-time employees at credit unions totaled nearly 234,000. This is an increase of more than 3% from 2011's total, when hiring was nearly flat, and a reversal of contractions in full-time employees in both 2009 and 2010, the CUNA CEO noted.
Other topics tackled in this week's Cheney Report
CUNA airing credit loss proposal concerns with the Financial Accounting Standards Board;
The NCUA's recent work to address fair lending compliance;
The Senate introduction on privacy notification legislation;
Housing reform news; and
Upcoming hearings on the regulatory burdens faced by small financial institutions.
Each Friday, The Cheney Report
delivers Cheney's insights on three to four key events and policy developments affecting credit unions into the e-mail inboxes of credit union CEOs.
The report also provides a valuable window into CUNA's actions on behalf of member credit unions and reinforces the value of CUNA membership, CUNA Executive Vice President of Strategic Communications Paul Gentile notes.
Past issues of The Cheney Report
are archived on cuna.org.