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November 20, 2014

NEW: NCUA approves 2015 budget up 4.2% from 2014: CUNA concerned

ALEXANDRIA, Va. (11/20/14, UPDATED 11:30 a.m. ET)--The National Credit Union Administration approved its 2015 budget this morning--okaying a spending plan that is up 4.2% over last year. The vote was 2 to 1, with board member J. Mark McWatters casting the dissenting vote. ReadMore

NCUA to make 2015 budget decisions at today's open meeting

The National Credit Union Administration's 2015 budget will be the chief topic of discussion at today's board meeting, which will also include an update on the National Credit Union Share Insurance Fund premium range. ReadMore

Record Buffalo blizzard forces CUs to hunker down

CU System
The area surrounding Buffalo, N.Y., received more than 60 inches of snow during a 24-hour period Wednesday, shutting down roadways and businesses, with more on the way. Many credit unions in the area were closed. ReadMore

CU CEO confidence still high, but ticks down 3Q: Catalyst survey

CU System
Credit union CEO optimism declined slightly after three straight quarters of increasing confidence in the economy, according to results of Catalyst Corporate FCU's third quarter 2014 Credit Union CEO Confidence Survey. ReadMore

McWatters outlines his areas of focus for revised RBC plan

National Credit Union Administration board member J. Mark McWatters highlighted a list of issues he intends to scrutinize when the agency issues a revised proposed rule on a risk-based capital regime for credit unions. ReadMore

CUNA, trades voice concerns over increased FHA fees

CUNA joined nine financial services organizations in a letter to Senate and House leadership expressing concerns with a provision of an appropriations bill that could raise Department of Housing and Urban Development fees for credit unions and other financial institutions. ReadMore

CUNA Mutual issues risk alert on HELOC wire fraud

CU System
CUNA Mutual Group issued an alert this week regarding a wave of fraud that originates from home equity lines of credit and requests wire transfers be sent to construction company accounts. ReadMore

World Council's new weCU2 digital hub to connect millennials, CUs

CU System
As millennials ascend to the top of all consumer spending demographics--by 2017, they are estimated to be the largest--it's becoming more imperative for credit unions to position themselves to best serve these young adults. ReadMore

Nev. double-digit loan growth spurred by lower unemployment

CU System
Nevada's credit unions recorded double-digit increases in business lending, credit cards and used-vehicle loan growth in the third quarter, the California and Nevada Credit Union Leagues reported. ReadMore

CUNA urges CUs to complete new remittance transfer survey

CU System
Just over a year after the Consumer Financial Protection Bureau's regulation on international remittance transfers went into effect, CUNA is following up with credit unions about how the rule affected their service to members. A previous CUNA survey asked about their expectations of the regulation. ReadMore

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