|September 24, 2013|
|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
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.
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
Yolles will speak at this years LSCU & Affiliates Leadership Development Conference Nov. 6-8 in Point Clear, AL.
|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
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
Click here to read the full CUNA News Now article.
|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.
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.
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.
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.
|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 firstname.lastname@example.org. Upon receipt of your information, Vining Sparks will provide you with your
performance profile in approximately 10 business days.
|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.
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
|© Copyright, League of Southeastern Credit Unions & Affiliates
3773 Commonwealth Blvd | Tallahassee, Florida 32303
22 Inverness Cntr Pky, #200 | Birmingham, Alabama 35242
|To ensure delivery, please add 'email@example.com' to your email address book or Safe Sender List.
If you are still having problems receiving our communications, see our white-listing page for more details.|
To safely unsubscribe from this group, click here.