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Capitol Report - 'Patent Trolling' Bill Passes in the Senate

Apr
11

Missouri state senators voted unanimously to pass a bill that would protect credit unions from so called ‘patent trolls.’  The bill, SB 706, was voted out of the Senate 32-0 on April 10.  It sets clear criteria to help distinguish legitimate from illegitimate patent infringement assertions and provides

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Capitol Report - Electronic Lien Release Bill Heard in Senate Committee

Apr
04

A bill allowing the Department of Revenue to create and implement an electronic lien release system is one step further along in the legislative process.  SB 954, sponsored by Senator Mike Cunningham (R-District 33) (pictured), was heard in the Senate Transportation and Infrastructure Committee on April 2. 

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McCaskill Leads Questioning on Data Breach, Credit Union Costs During Hearing

Apr
01

Missouri U.S. Senator Claire McCaskill (D) helped draw attention to who pays the price when data breaches take place – and public confusion about the issue. 

“I don’t think people understand… a lot of the costs associated with this breach – in fact, the majority of them – fall to credit unions and local banks instead of Target,” says McCaskill. 

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Capitol Report - Two Bills Affecting Credit Unions Pass the House

Mar
25

Two bills affecting credit unions passed the Missouri House of Representatives this week and are now headed to the Missouri Senate.  The House perfected and thir

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Capitol Report: Lawmakers Head into Second Half of Session

Mar
20

The Missouri General Assembly is now at the halfway-point of the 2014 session.  Lawmakers adjourned for the annual week-long spring break, spending March 14 - March 23 back in their districts.  Spring break marks the end of the first half of the session, and provides an opportunity for lawmakers to participate in community events and meetings.

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Late Call Reports Equal Fines

Mar
20

The National Credit Union Administration (NCUA) will begin imposing civil money penalties against federally insured credit unions that do not meet their quarterly call report filing deadlines. The first quarter deadline is fast approaching on April 25.

If credit unions in Missouri need help filing, please contact your MCUA field representative for assistance.  

Call report filing deadlines for 2014 are:

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Voice Concerns Over Risk-Based Capital Proposal with New Resource

Mar
20

Credit unions in Missouri are encouraged to take action and weigh in on the Risk-Based Capital proposal for credit unions with more than $50 million in assets.

Posted By Sharon Bahr read more

Day Two of Annual Advocacy Meeting Includes Legislative Visits, Reality Fair

Mar
18

The second day of the Missouri Credit Union Association’s (MCUA) Annual Advocacy Meeting started off with a hearty breakfast on March 11 at the DoubleTree Hotel in Jefferson City.

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State Treasurer Clint Zweifel Meets with Credit Union Leaders

Mar
13

State Treasurer Clint Zweifel (D) commended credit unions for their efforts to help consumers during a meeting in Jefferson City on March 11.  A dozen credit union leaders from across the state met with Zweifel during the Missouri Credit Union Association (MCUA) Annual Advocacy Meeting.  The State Treasurer spoke positively about the important role credit unions are playing in

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Capitol Report - MCUA Testifies in Support of Electronic Lien Release Bill

Mar
13

A bill introduced in the Missouri House would allow a lienholder  - including credit unions - to electronically release a lien on a motor vehicle or trailer.  Missouri Credit Union Association (MCUA) Advocacy testified in support of the bill, HB 1999, during the March 12 House Financial Institutions Committee hearing.  The bill is sponsored by Representative Tony Dugger (R-Dis

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