February 18, 2014
Tuesday Edition
NCUA seeks comments from CUs on proposed new risk-based capital requirements

Federally insured credit unions with more than $50 million in assets could be subject to additional capital requirements according to a proposed risk-based capital rule from the NCUA board. Those credit unions that have credit concentrations in real estate loans, member business loans, or delinquent loans would be subject to the increased risk-based capital.  

According to the proposed rule, credit unions would be required to maintain a risk-based capital ratio of 10.5 percent or above, and pass net worth ratio and risk-based capital ratio requirements to be considered well capitalized. Adequately capitalized credit unions would have to maintain risk-based capital ratios between eight percent and 10.49 percent and pass ratio requirements. Under-capitalized credit unions would fall below eight percent risk-based capital ratio.

The NCUA estimated that more than 90 percent of affected credit unions — approximately 2,237 institutions — would be in compliance with the proposed rule, based on June 30, 2013 Call Report data. However, 189 credit unions would experience a decline in their PCA classification from well capitalized to adequately capitalized, and 10 well-capitalized credit unions would experience a decline to under-capitalized status.

The proposal has not yet been published in the Federal Register, so a specific comment due date has not been set, however the League will update its comment call on this issue to include the date when it appears in the register. Credit unions are encouraged to submit comments and opinions to the LSCU as soon as possible. The League will be filing a comment letter to NCUA prior to the comment period deadline.

Visit the LSCU Top Stories for a more in-depth look at the risk-based capital rule. For more information about the proposal, contact Scott Morris at 866.231.0545 ext. 2165.

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InfoSight spotlight: Compliance Connection

The goal of the CU Compliance Connection (CUCC) is to bring relevant compliance information to credit unions in an easy to understand video format. Videos generally last 10 to 15 minutes and are accompanied by handouts for reference. CUCC reviews compliance issues that are nationally applicable to the credit union industry.

If you have a question that you think would make a good feature and assist other credit unions with compliance struggles email Shawn Wolbert.

Visit the CUBE TV's CU Compliance Connection today for the explanations and details you need to remain in compliance.

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Do you have theme ideas for International Credit Union Day?

World Council of Credit Unions (WOCCU) is looking for a theme for International Credit Union Day on Oct. 16, 2014. International Credit Union Day is time to shine public and media attention on the difference that credit unions make in their communities and around the world!

This year, the World Council is encouraging credit unions to submit themes focused on credit union contributions to charity causes.

Feel free to take a look through previous years' themes for inspiration or to avoid a repeated theme.

Click here to send in your ideas by Feb. 20. You will have the opportunity to vote for your favorite theme in mid-March.

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Still spots left for 2014 April & Sept. CUDE trainings

The spots for the remaining two Credit Union Development Education (CUDE) training classes in 2014 are shrinking, with only about 10 spots left for the April program. Attendees of the National Credit Union Foundation’s (NCUF) six-day total immersion experience will learn about credit unions’ social responsibility and domestic and international development through interactive education and professional networking.

The trainings will be held April 23-30, 2014 and Sept. 10-17, 2014 at the Lowell Center in Madison, WI, and are open to everyone from new employees who need a credit union orientation to seasoned executives who need to recharge. Registration and more information can be found on the NCUF website.

NCUF also recently released a video on YouTube that answers the question “What is Credit Union Development Education Training?”

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In This Issue
Tuesday Edition
NCUA seeks comments from CUs on proposed new risk-based capital requirements
InfoSight spotlight: Compliance Connection
Do you have theme ideas for International Credit Union Day?
Still spots left for 2014 April & Sept. CUDE trainings
LSCU & Affiliates Media

Alabama Credit Union Association State GAC video
Check out the video from the Alabama Credit Union Association State GAC. The video features lawmakers, speakers and credit unions talking about the conference and the importance of grassroots advocacy.

NCUA Video: Small Credit Unions + Service = Success

This video highlights how three credit unions identified needs within their communities and stepped in with needed financial services. They took advantage of OSCUI's consulting services assistance and together maximized the benefit the credit union could provide to their members and the communities they serve.

Upcoming Event Deadlines
TODAY: Last day to receive “early bird” rate for IRA Essentials & Advanced Training – Birmingham, AL
Feb. 21 Last day to receive the group hotel rate for the FCUA State GAC - Tallahassee, FL
Upcoming League Events
TODAY SAS CU Conference, Orlando, FL
Feb. 19 SAS CU Conference, Hollywood, FL
Feb. 19 Opening Accounts for Minors
Feb. 20 SAS CU Conference, Birmingham, AL
Feb. 20 Required IT Risk Assessment Program
Feb. 27 Security & Robbery Training, AL  *New date due to winter weather conditions.
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