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FASB Proposal on Interest Rate Risk & Liquidity Risk Disclosures

Oct
02
FASB Proposal on Interest Rate Risk & Liquidity Risk Disclosures

A comment letter was filed by the Missouri Credit Union Association (MCUA) and the Credit Union National Association (CUNA) with the Financial Accounting Standards Board (FASB) opposing its proposal that would require reporting entities, including credit unions and other financial institutions, to disclose information regarding their exposure to liquidity risk and interest rate risk.  In ligh

Posted By Sharon Bahr read more

NCUA National Supervisory Policy Manual

Oct
02
NCUA National Supervisory Policy Manual

The National Credit Union Administration (NCUA) will likely release significant portions of the Supervisory Policy Manual next month, according to reliable sources at NCUA. This is not an examiners’ guide but rather a catalogue of the agency’s supervisory policies.

Posted By Sharon Bahr read more

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).

Posted By Sharon Bahr read more

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.

Posted By Amy McLard read more

Lawmakers Attend St. Louis Chapter Reception

Sep
28
Lawmakers Attend St. Louis Chapter Reception

Nearly 20 lawmakers and candidates spent time with credit union representatives during the St. Louis Chapter Legislative Reception on September 27 at Ameristar Casino. The annual event helps credit unions connect with legislators in an informal setting. During the reception, a slideshow highlighted interesting facts about credit unions in Missouri including community involvement, fundraising and social outreach.

Posted By Halley Hayden read more

Review Policies for Re-Ordering Debit Transactions

Sep
28
Review Policies for Re-Ordering Debit Transactions

By: Brad Mundine of CUNA Mutual Group

Posted By Sharon Bahr read more

CFPB Hears From Missouri Leaders Prior to Inaugural Session

Sep
27
CFPB Hears From Missouri Leaders Prior to Inaugural Session

A select group of Missouri credit union representatives had a rare opportunity to sit down with key leaders from the Consumer Financial Protection Bureau (CFPB) on September 26 - one day prior to the CFPB's consumer advisory board inaugural meeting being held in St. Louis.  

Credit union leaders explained how regulations being promulgated quickly through the system require additional staffing and increased costs to the consumer.  

Posted By Halley Hayden read more

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