SEA TAC, Wash./TIGARD, Ore.–The Northwest Credit Union Association has adopted a new governance model and reduced its board to nine members from 11.
Fresh Today
LAWRENCEVILLE, Ga.—The trend of big vehicles holding their values well while the resale price of small cars declines the fastest continued in September, according to Black Book.
WASHINGTON—NAFCU and several financial trade groups have sent a joint letter to the House urging members to cosponsor H.R. 2205, the “Data Security Act of 2015.”
ALEXANDRIA, Va.–By a 2-1 vote, the NCUA board has approved the revised risk-based capital rules for credit unions, over the protests of at least one CU trade group and several members of Congress.
WASHINGTON–Following today’s vote by NCUA in favor of new risk-based capital rules, CUNA issued a statement calling the plan a “solution in search of a problem.”
ARLINGTON, Va.–Shortly after the NCUA board voted 2-1 in favor of implementing its risk-based capital proposal, NAFCU CEO Dan Berger said the association will continue to work to “make a bad rule better.”
ALEXANDRIA, Va.—While the NCUA board Thursday approved a final risk-based capital rule, before CUs must comply with the new net worth guidelines in 2019, Congress could step in to delay, alter or remove the rule.
ALEXANDRIA, Va.—Credit unions and trade groups, as well as Board Member Mark McWatters, have challenged NCUA’s legal authority to create a two-tier risk-based capital rule. NCUA Chairman Debbie Matz readdressed that issue Thursday.
ALEXANDRIA, Va.–The number of CAMEL Code 4 and 5 CUs that are federally insured declined by 25% in the third quarter over one quarter earlier.
WASHINGTON–The NCUA board is scheduled to vote this morning on the agency’s revised risk-based capital proposal.