September 24, 2013
Tuesday Edition
NCUA names new Region III director

The NCUA announced that Myra Toeppe will replace Region III Director Herb Yolles when he retires at the end of this year.

Toeppe is the NCUA's current acting director of supervision in the Office of Examination and Insurance. She joined the NCUA in 2011 as associate regional director for operations in Region III. She has also served at the Office of Thrift Supervision and the Federal Home Loan Bank of Atlanta during her 25-year government career.

NCUA Chairman Debbie Matz said Toeppe is "a highly experienced financial services regulator" who "has quickly established herself as a leader and a problem solver." Her skills and experience, combined with a dedication to excellence, will make her a terrific regional director, Matz added.

New NCUA board member Rick Metsger noted he and Toeppe have both taken new positions at NCUA during a time of opportunity and challenge for the industry. "I'm confident that Myra will bring new ideas, a fresh set of eyes, and a balanced approach to address the problems facing federally insured credit unions in Region III," he said.

The agency also thanked Yolles for his 35 years of service to the NCUA. He has worked with every NCUA board member since Congress created the NCUA Board in 1978, the agency noted.

"During more than three decades at NCUA and especially the last three-and-a-half years in Region III, Herb has truly seen it all and practically done it all. To ensure continued access to affordable financial services for millions of Americans, Herb has been tireless in his efforts to make the credit union industry safe and sound," Matz said.

Yolles will speak at this years LSCU & Affiliates Leadership Development Conference Nov. 6-8 in Point Clear, AL. 

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Cheney: interchange rule stay will keep order

CUNA President/CEO Bill Cheney said a Friday court decision to allow existing debit interchange fee cap rules to stay in place during an appeal means there will be an order in place that will provide certainty, at least for now.

The existing Federal Reserve rules implementing the debit interchange fee cap and network exclusivity provisions required by the Durbin Amendment will stay in place throughout an appeals process as the Fed seeks to overturn a July court ruling that declared those rules illegal. 

So said Judge Richard Leon of the U.S. District Court for the District of Columbia who is also the judge that ruled the Fed did an inadequate job of implementing the Dodd-Frank interchange rule in 2011. Leon criticized the Fed for going beyond congressional intent when writing the rule by including too many items considered to be costs for card issuers.

Click here to read the full CUNA News Now article.  

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InfoSight spotlight: ATM: Americans with Disabilities Act requirements

Any credit union with an Automated Teller Machine (ATM) is required to meet the standards defined by the U.S. Access Board's Accessibility Guidelines. These guidelines have specific requirements for ATMs to meet regarding such things as height, input devices, and approach space. Failure to meet these standards can result in civil fines and injunctions requiring compliance.

For the Revised ATM Accessibility Standards, visit the ATM: Americans with Disabilities Act Requirements topic on the ACH/Electronic Payments channel of InfoSight.

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Washington wire

Although the House of Representatives was scheduled to have a recess this week, both chambers will be in session to consider a funding resolution for the first part of the next fiscal year and continue negotiations over the debt ceiling.

The Senate reconvenes early this week to consider the nomination of Todd M. Hughes to be United States Circuit Judge for the Federal Circuit. For the remainder of the week, the Senate will consider the House-passed continuing resolution. The Senate is likely to remove the language in the House-passed CR and insert new bill text and send it back to the House, probably at the end of the week. A continuing resolution must be enacted before Oct. 1 to avoid a shutdown of the federal government. 

On Wednesday, the House will meet to consider legislation under “Suspension of the Rules.” On Thursday, the House will meet at to consider H.R. 687, the Southeast Arizona Land Exchange and Conservation Act of 2013. On Friday, the House will meet for legislative business – potential legislation related to the debt ceiling as well as further action on the continuing resolution. A weekend session is possible.

Click here to view committee meetings that the League is following this week. 

If you have any questions on federal legislation, contact LSCU SVP of Association Services Jared Ross at 866.231.0545 ext. 1012.

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LEVERAGE partner Vining Sparks offers performance profile

Vining Sparks, a partner with LEVERAGE, is offering a free comprehensive report that estimates interest rate risk, analyzes, and summarizes the expected cash flow of your portfolio under various interest rate assumptions, and compares your credit union to your peers. This review, called the “Performance Profile”, covers asset liability, liquidity, and many other aspects of your financial position. To receive a free performance profile, email a breakdown of your investment portfolio and certificates of deposit to Samantha Holder at sholder@viningsparks.com. Upon receipt of your information, Vining Sparks will provide you with your performance profile in approximately 10 business days.

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In This Issue
Tuesday Edition
NCUA names new Region III director
Cheney: interchange rule stay will keep order
InfoSight spotlight: ATM: Americans with Disabilities Act requirements
Washington wire
LEVERAGE partner Vining Sparks offers performance profile
LSCU & Affiliates Media


Leadership Development Conference
What is a leader? Credit union officials talk about what they see in a leader. The LSCU & Affiliates Leadership Development Conference will equip credit unions with the skills to lead. 

 


Audio Podcast
Alabama Telco CU VP of Marketing Stanton Davis talks to the LSCU about how his credit union has been implementing the Don't Tax My Credit Union program.

Upcoming League Events
Sept. 25  Conducting the 2013 ACH Audit
Oct. 1  Advanced Bankruptcy Issues
Oct. 2  Successful Business Development
Oct. 8 Collections and Bankruptcy School - Orlando
Oct. 9 Strategic Plan Years
Oct.9 Collections and Bankruptcy School - Orlando
Oct. 9 What to Keep/What to Destroy/What Holds Up in Court
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