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Comment to NACHA on ACH Technical Changes

Oct
02
Comment to NACHA on ACH Technical Changes

A comment letter was filed by the Missouri Credit Union Association (MCUA)  and the Credit Union National Association (CUNA) to NACHA – The Electronic Payments Association – regarding their compliance and operational topics proposal.  CUNA generally supports the proposal to clarify the meaning or

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Maintaining Access to Emergency Liquidity

Oct
02
Maintaining Access to Emergency Liquidity

Another comment letter was filed by the Missouri Credit Union Association (MCUA) and the Credit Union National Association (CUNA) with the National Credit Union Administration (NCUA) regarding proposed changes to emergency liquidity from the Central Liquidity Facility (CLF).

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NCUA Proposal On Troubled Condition Designation for State CUs

Oct
01
NCUA Proposal On Troubled Condition Designation for State CUs

The Credit Union National Association (CUNA) feels the National Credit Union Administration's (NCUA) proposal that would allow it to designate a state credit union as a CAMEL 4 or 5, and in “troubled condition”  even if the state regulator does not agree is ill-conceived, unjustified and will not significantly further any material safety and soundness goals. That is what CUNA's letter filed on September 28, 2012 said. 

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CFPB Study and Remittance Transfers Update

Oct
01
CFPB Study and Remittance Transfers Update

Consumer Financial Protection Bureau Study Finds Credit Scores Used by Consumers and Lenders Can Differ

On September 25, 2012, the Consumer Financial Protection Bureau (CFPB) released a study comparing credit scores sold to creditors and those sold to consumers. The study found that about one out of five consumers would likely receive a meaningfully different score than would a lender. The study determined the following:

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Statewide Advocacy Training: Elections and Beyond

Sep
28
Statewide Advocacy Training: Elections and Beyond

The November election is just a few weeks away, but there’s still time for credit unions to make an impact.  The Missouri Credit Union Association has scheduled advocacy training sessions across the state that is designed for all credit union leaders - both trained and new Advocacy Corps members.   

Learn about the key races in your specific region, what you can do in the final countdown to elections, and the advocacy role you play moving forward once candidates are elected.  Here are the details for each advocacy training session.

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Review Policies for Re-Ordering Debit Transactions

Sep
28
Review Policies for Re-Ordering Debit Transactions

By: Brad Mundine of CUNA Mutual Group

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Absentee Ballots and Voter Registration Deadlines for November 6 Election

Sep
24
Absentee Ballots and Voter Registration Deadlines for November 6 Election

Absentee Ballots and Voter Registration Deadlines for November 6 Election

While the General Election is six weeks away, voting has already begun.  Absentee voting starts on Tuesday, September 25.  Registered voters who will not be able to make it to their polling place on November 6 may vote absentee six weeks in advance of the election. The last day to vote absentee in person is Monday, November 5. 

Posted By Amy McLard read more

October is Project Zip Code Month for Missouri Credit Unions

Sep
24
October is Project Zip Code Month for Missouri Credit Unions

The Missouri Credit Union Association (MCUA) is asking credit unions to run Project Zip Code (PZC) version 12.0 in October.  Credit union participation is essential to accurately reflect the number of credit union members in each legislative district across the state.  Missouri lost a Congressional seat in 2012.  All of the districts were redrawn on the federal and state level.  Credit unions that have not run version 11.0 or 12.0 are not reflected in the new district PZC results

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October Meetings with Missouri U.S. House Financial Services Committee Members Clay and Cleaver

Sep
24
October Meetings with Missouri U.S. House Financial Services Committee Members Clay and Cleaver

Credit unions representatives can meet with Missouri members of the U.S. House of Representatives Financial Services Committee this October.  An in-district meeting is scheduled with U.S. Rep. Emanuel Cleaver  (D-District 5) in Kansas City on October 9, followed by a meeting in St. Louis with U.S. Rep. William Lacy Clay (D-District 1) on October 11.  Both serve on the Financial Services Committee, which handles legislation affecting credit unions. 

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NCUA Board Meeting Summary

Sep
24
NCUA Board Meeting Summary

The National Credit Union Administration board meeting was held on Thursday, September 20, 2012.  The meeting was confined to positive actions, and the key points from the meeting are:

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