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LICU

Joint Effort to Improve Low-Income Designation Process

Feb
25

Last week, the National Credit Union Administration (NCUA) announced a joint NCUA-National Association of State Credit Union Supervisors (NASCUS) effort to streamline the process for federally insured, state-charted credit unions to determine whether they are eligible for designation as a low-income credit union (LICU).

Posted By Sharon Bahr read more

Upcoming Comment Letters to NCUA

Nov
26
Upcoming Comment Letters to NCUA

The Missouri Credit Union Association (MCUA) continues to press the National Credit Union Administration (NCUA) to provide additional regulatory relief for credit unions, so that credit unions can devote more resources to serving their members.  In that connection, here is a brief summary of upcoming comment letters:

Posted By Sharon Bahr read more

Bankers Target MBL Again in Senate

Oct
25

Credit unions are in the final push to pass member business lending legislation in the U.S. Senate and House, and bankers are again targeting U.S. Senate offices to oppose the measure.  U.S. Senate bill S. 2231, the Credit Union Small Business Jobs Bill and U.S. House bill H.R. 1418, the Small Business Lending Enhancement Act, would raise the credit union member business lending limit from 12.25% to 27.5% of assets. 

Posted By Amy McLard read more

NCUA Board Meeting Summary

Oct
19
NCUA Board Meeting Summary

The National Credit Union Administration (NCUA) Board met briefly on October 18, 2012,  to issue a proposal to extend the period that eligible credit unions have to accept the low-income designation, receive a report on the National Credit Union Share Insurance and Corporate Credit Union Stabilization Funds, and approve a community charter conversion.  Below is  the summary with a few more details of the meeting.

Posted By Sharon Bahr read more
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