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Comment Letter Deadlines Approach


Time is running out to submit comment letters on several key issues affecting credit unions.  The Missouri Credit Union Association (MCUA) encourages credit union advocates to send in comment letters if possible. If you have any questions, please contact the MCUA Compliance department via email or phone, 800.446.3620.

Federal Home Loan Bank (FHLB) Membership - Comments due to FHFA by January 12

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RBC Front and Center as NCUA Continues to Sort Through Record Number of Comment Letters


The number of comment letters related to the National Credit Union Administration's (NCUA) RBC proposal continues to grow. NCUA said more than 2,050 people wrote to the agency, a number that seems to increase by the day as the agency sorts through letters submitted before the May 28 deadline. The Missouri Credit Union Association (MCUA) submitted their comment letter. The U.S.

Posted By Sharon Bahr read more

CUNA Meets With NCUA on Risk Based Capital Proposal


Credit Union National Association (CUNA) President and CEO Bill Cheney joined CUNA’s Examination and Supervision Subcommittee April 17 for a comprehensive discussion with the National Credit Union Administration’s (NCUA) Director of Examination and Insurance Larry Fazio on the agency’s proposed risk-based capital (RBC) rule. NCUA Deputy E&I Director Tim Segerson also participated.

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Voice Concerns Over Risk-Based Capital Proposal with New Resource


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.

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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:

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MCUA Comments on CFPB's Mortgage Servicing Proposed Rules


The Missouri Credit Union Association (MCUA) submitted two separate formal comment letters on the CFPB’s mortgage servicing proposed rules.  In our letters, we urged the Bureau to consider that many of the proposal requirements are outside of the statutory requirements under the Dodd-Frank Act.  We also urged the Bureau to exempt credit unions from several provisions within the proposed rules, where possible. &

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