|July 31, 2014|
|CUNA to NCUA: Reg reduction for CUs is urgent|
Significant reduction in credit unions' regulatory requirements is
urgently needed, Credit Union National Association (CUNA) interim President/CEO
Bill Hampel said in a letter to National Credit Union Administration (NCUA)
Chair Debbie Matz Tuesday in advance of the agency's board meeting today.
The NCUA should work with other agencies on regulatory relief measures
for credit unions, CUNA urged. The letter expresses support for the
NCUA's fixed-asset proposal, which is on the agency's meeting agenda,
and for regulatory relief in general.
The NCUA has proposed to eliminate the five percent fixed asset cap -- which CUNA
has strongly supported -- and will discuss the proposal at the monthly
meeting. CUNA said it is "encouraged" by the agency's review.
"This move will allow credit unions to update facilities, upgrade
technologies, and make purchases that do not impact safety and soundness
without having to seek permission or waivers from NCUA," the letter
reads. "NCUA should not micromanage individual business decisions, and
this represents a useful step in simplifying and modernizing procedures
for credit unions."
CUNA is also urging the agency to maintain its practice over the last
several years of reducing the mid-year budget. The agenda includes a
mid-year analysis of the NCUA's operating budget.
CUNA also emphasized its willingness to work with the agency for
much-needed regulatory relief for credit unions, and noting that the
NCUA's "commitment to modernize member business lending, advertising,
appraisal provisions, and other rules is an encouraging development, and
we will continue to work with the NCUA Board and staff to produce really
The NCUA's board meeting will be today at the agency's Alexandria, Va. headquarters, starting at 10 a.m. (ET).
|Global credit union membership increases 7 million|
More than seven million people worldwide joined credit unions in 2013. Of those, more than two-thirds of those new members came from the U.S., Latin American, African, and European nations, according to the Global 2013 Statistical Report from the World Council of Credit Unions in Madison, WI.
The number of credit unions worldwide also increased from 55,952 to 56,904, according to the report. And the number of countries with credit union systems also edged up from 101 to 103, with Rwanda and Zambia added to the 2013 statistics.
Although the number of credit unions in the U.S. and Canada continue to
decline, the number of memberships in the U.S. continues to increase. In
Canada, however, membership slipped slightly last year.
In the U.S., membership increased from 95 million to 97 million for a gain of more than 2.3 million from 2012 to 2013.
lost 72,918 members. In 2012, our northern neighbor had 10,229,741
members compared to 10,156,823 members in 2013, according to the report.
the U.S., Canadian cooperatives continued to disappear mainly through
consolidation. In 2012, there were 771 credit unions in Canada. In 2013
that number dropped to 724. In the U.S., 6,960 cooperatives were
operating in 2012. That number fell to 6,681 last year.
For the full story including statistics on Latin American, African, and European nations visit Credit Union Times.
|CUNA to host Twitter chat to boost CU awareness|
The Credit Union National Association is inviting leagues, credit unions, volunteers, and member-advocates to participate in its newest #CUNAchat on Twitter, slated for today at 3 p.m. (ET).
Topics for the discussion, which will be moderated by @CUNA and feature responses from CUNA's @aSmarterChoice and @CUNAadvocacy, include:
- Raising awareness of credit unions to consumers
- The power of credit union membership
- Credit union structure
- Community impact
@CUNA will pose questions from its Twitter account using the hashtag #CUNAchat. Anyone following the conversation can jump in and offer a response.
Follow @CUNA, @aSmarterChoice, and @CUNAadvocacy to get involved today. Participants are encouraged to include the hashtag #CUNAchat when responding.
|Free NCUA Credit Union Workshop - Aug. 14|
The Office of Small Credit Union Initiatives is
offering a FREE Credit Union Workshop at the Hilton Garden Inn Gulfport Airport in Gulfport, MS. Make plans to attend today - space is still available.
The topics covered during this educational
event include the following timely information:
- What is New in OSCUI
- Regional Updates
- Poverty Simulation - The poverty simulation experience is designed to help
participants begin to understand what it might be like to live in a typical
low-income family trying to survive from month to month. It is a
simulation, not a game. The object is to sensitize participants to the
realities faced by low-income people.
- Examination Modernization
- Build Your Marketing
- Jeopardy Game
Click here for more information and to register.
|LSCU & Affiliates Media|
I give because...Brad Green, Listerhill Credit Union
Listerhill CU CEO Brad Green talks about why he gives to the LSCU PAC.
I give because...Gary Vien, Suncoast Credit Union
Suncoast CU CEO Gary Vien talks about why he gives to the LSCU PAC.
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