One of NCUA’s RBC Proposals Gets Support From CUNA, Which Believes Entire Rule ‘Functionally Unnecessary’ 05/10/2021 08:28 pm WASHINGTON–CUNA told NCUA it supports one of the agency’s potential approaches to simplifying risk-based capital (RBC) requirements, but also repeated its long-held position the 2015 RBC rule is “functionally unnecessary.
A ‘Detailed Explanation’ for Adding an ‘S’ to CAMEL is Needed, NAFCU Tells NCUA 05/10/2021 08:37 pm WASHINGTON—Before NCUA adds an “S” to its CAMEL rating system, credit unions deserve a “detailed explanation” of the changes as they relate to the examination system, according to a comment letter filed with the agency by NAFCU.
Record Month Reported in Collecting Charged-Off Debt 05/10/2021 08:04 pm WYOMING, Minn.— CU Recovery, a PSCU company, is reporting it saw a record-breaking month in recoveries for its more than 850 credit union clients by collecting more than $3 million in charged-off debt in March.
Commonwealth CU Receives Community Impact Award 05/10/2021 08:04 pm LEXINGTON, Ky.–The YMCA of Central Kentucky recognized Commonwealth Credit Union with its 2020 Community Impact Award during a virtual ceremony.
Kick the Tires, But Gently: Used Cars Values Continue to Show Record Retention 05/10/2021 07:53 pm LAWRENCEVILLE, Ga.— Used values continue to show record-level value retention, Black Book reports.
