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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

March 3, 2015

CUNA-backed MBL bill reintroduced to raise cap to 27.5%

Washington
CUNA welcomed the reintroduction Monday of a bill that would raise the cap on credit union member business lending to 27.5% of assets. ReadMore

Bill to codify CU Advisory Council, create small biz panel is introduced

Washington
A House bill was reintroduced Monday that would both establish a Small Business Advisory Board to the Consumer Financial Protection Bureau, as well as codify the bureau's existing credit union and community bank advisory councils. ReadMore

2014 CU loan growth reached a 9-year high: NCUA 4Q numbers

Washington
Loan growth at federally insured credit unions climbed last year to the highest level since 2005, according to fourth quarter data released by the National Credit Union Administration Monday. ReadMore

On CUNA's radar: CFPB report to Congress, cybersecurity

Washington
Consumer Financial Protection Bureau Director Richard Cordray will deliver the bureau's sixth semiannual report to the U.S. House Financial Services Committee today, one of several hearings CUNA will be paying close attention to this week. ReadMore

FASB credit-losses proposal most-read Feb. News Now article

CU System
An article reporting that the Financial Accounting Standards Board proposal regarding credit losses would likely "have a significant, detrimental impact on a number of credit unions and their members" was the most-read News Now article in February. ReadMore

League-backed PLS, ATM bills become law with stroke of Va. gov.'s pen

CU System
Virginia Gov. Terry McAuliffe last week signed into law two pieces of legislation backed by the Virginia Credit Union League, including one that would allow credit unions to offer prize-linked savings accounts. ReadMore

Cornerstone in 2014: $9K in savings per member

CU System
Consumers from Texas, Oklahoma and Arkansas who picked credit unions over banks to manage their finances last year made the right choice, according to recent numbers from the Cornerstone Credit Union League. ReadMore

Ihrig named new chief compliance officer at CUNA, Thompson retires after 35 years

CU System
Jonathan "Jared" Ihrig has been promoted to chief compliance officer for CUNA. Effective immediately, Ihrig will manage staff to provide compliance information to leagues and credit unions, as well as provide assistance to CUNA's advocacy department in assessing the impact of federal legislation on credit union operations. ReadMore
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News Now LiveWire
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
1 hour ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
1 hour ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
2 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
3 hours ago
.@Cornerstone_CUL in 2014: $9K in savings per member #NewsNow #CUSystem http://t.co/7LnsV876cs
5 hours ago